$PEPE stands among the altcoins that have recently been witnessing significant indications of making price uptrends. SpotOnChain (a famous on-chain insights platform) has disclosed the unique event where a vigilant trader redeemed a huge amount of PEPE from the crypto exchange Binance. The on-chain analytics provider noted on its official X account that the trader goes by 0xa14.
10 hours ago, Smart trader 0xa14 withdrew 350.2B $PEPE ($2.92M) from #Binance at the dip!This trader is really good at swing trading $PEPE, having earned a cumulative est. profit of $2.59M from the token (win rate: 100%)!Current holding: 660B $PEPE ($5.74M).Follow… pic.twitter.com/9MTBk1nUxj
— Spot On Chain (@spotonchain) May 11, 2024
$PEPE Trader Redeems 350.2B Tokens from Binance to Make Profit
As per the platform, the smart trader leveraged the opportunity of buying the dip. The trader has reportedly done this in line with most of the statistics favoring PEPE’s potential price rise. SpotOnChain pointed out that the trader has been already making several significant decisions like this. The analytics platform labeled the respective trader as a good player in swing trading concerning PEPE.
The Recent Effective Moves of the Trader Show a 100% Win Rate
In addition to this, the company mentioned that this smart trading has made the trader huge profits cumulatively. In this respect, the trader has reportedly earned massive gains of up to $2.59 million from PEPE. The respective figure equals nearly $5.74 million in total. Keeping that in view, these events have shown the remarkable talent of the trader with a win rate of up to 100%.
Apart from that, the platform moved on to reveal the respective trader’s crypto holdings in PEPE at present, says SpotOnChain. It asserted that the trader currently possesses up to 660 billion PEPE tokens. The respective figure denotes approximately $5.74 million.
