A crypto whale made a smart move, selling off a huge chunk of their PEPE holdings.
PEPE Profits
According to blockchain tracker Lookonchain, a mysterious investor recently transferred 427 billion PEPE tokens to the Kraken exchange. At the time of the transfer, this was worth around $8.5 million. This wasn’t a random move; the whale still holds a massive amount of PEPE – about a trillion tokens – currently valued at roughly $18.4 million. That’s a cool $2 million profit on top of their recent sale.
A History of Smart Trading
This isn’t the first time this whale has shown impressive trading skills. Back in December, during a market dip, they sold all their PEPE, pocketing a massive $11.7 million profit. Amazingly, they then bought back over a trillion PEPE tokens shortly after the price stabilized.
PEPE’s Current Status
PEPE is currently trading at around $0.000018, down slightly in the last 24 hours. It’s still a pretty big player in the crypto world, ranking as the 29th largest cryptocurrency by market cap.
Disclaimer: This information is for educational purposes only and is not financial advice. Investing in cryptocurrencies is risky, so always do your research before investing any money.
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