A Crypto Whale, Pepe, Started Selling Too!
Look On-Chain discovered a whale privately selling PEPE today.
Pepe (PEPE), which has managed to become one of the most talked about memecoins in the cryptocurrency industry recently, has been at ATH levels for a long time. PEPE, which has increased its value by 20 times since February, has enabled many investors to make huge profits.
Following these increases, crypto whales also made significant profits. Although not every investor can achieve 15 - 20 times gains from PEPE, the number of investors making losses seems to be very low.
Look On-Chain, a successful data provider, discovered a whale selling PEPE privately today and shared the following information via his X/Twitter account:
âA whale just deposited 365.96 billion PEPE ($5.3 million worth) on Binance for profit.
This whale withdrew 365.96 billion PEPE (worth $494 thousand at the time) from MEXC on December 13 and December 16, 2023.
With his PEPE investments, Balina turned 494 thousand dollars into 5.3 million dollars in less than 6 months. The successful investor made a profit of $4.82 million and achieved a 976% return on investment.â
If the whales, who have made a large profit from PEPE in the coming period, continue their sales, this may cause the popular memecoin to enter a downward trend.
