Trader Earning Large Profits from Memecoins Sells and Stores Ethereum (ETH)!

Although there is a #memecoin craze in the cryptocurrency industry, the approval of spot #Ethereum #ETFs has caused the focus of large investors to disperse. While some whales showed interest in memecoins, others turned their focus to ETH.

A successful crypto whale recently made significant memecoin trades. The whale, which also made a huge profit, took action specifically today.

Look On-Chain shared the following information about the whale who sold his memecoins to store ETH:

“On December 6 and December 7, 2023, he spent 250 thousand dollars to buy 160.62 billion #PEPE , then yesterday he sold all of his PEPE for 644 ETH (worth $2.42 million), making a profit of $2.17 million. achieved a return on investment of 867%.

On December 6, 2023, he spent $25k to buy 139,822 pepecoins, and yesterday he sold 25k pepecoins for 30.27 #ETH (worth $113k), leaving 114,822 pepecoins (worth $574k). remained. This whale's pepecoin profit was 663 thousand dollars and the return on investment was 2651%.

This trader also spent $63.4K to buy 7.15 million units of JOE (currently valued at $174K) from November 13, 2023 to December 4, 2023 and did not sell any.”

$ETH $PEPE