Thanks to Pepe Coin, Investors Under Money Started Selling

The whale, which earned millions of dollars thanks to Pepe (PEPE), started selling.

According to the data transmitted by the on-chain analysis platform Lookonchain, a whale that shot the money from Pepe took action to sell on August 1.

Whale recently deposited 400 billion PEPE worth $4.22 million into cryptocurrency exchange Binance. Thanks to his investment, he made approximately 2 times the profit.

The same whale had withdrawn 796 billion PEPE from Binance 5 months ago for only $2.51 million. After his Binance transfer, 396 billion PEPE worth $4.18 million remained in the whale's wallet.

Whale's total profit from PEPE investment was recorded as 5.9 million dollars. PEPE, one of the leading names in the meme coin market, has had its share of the declines in recent days.

According to CoinGecko data, PEPE, which has lost 7% in value in the last 24 hours, is traded at $ 0.00001059 at the time of writing.