Discover how a PEPE whale’s strategic moves led to over $3 million in profits amid the token’s recent price surge!
Dive into the Whale’s Successful Journey
Reports from Lookonchain, a blockchain analytics platform, unveil the remarkable journey of a whale who recently deposited nearly 2 trillion PEPE tokens into a major crypto exchange.
The adventure began on June 7, 2023, with Pepe Coin priced at $0.000001054. The whale accumulated a staggering 1.97 trillion Pepe tokens over six months, culminating in a deposit of $6.07 million to Binance, resulting in a swift $3.49 million profit within hours.
Witness a savvy whale depositing 1.97T $PEPE ($6.07M) on #Binance and reaping a $3.49M profit.
Then, a strategic shift to $SHIB saw a withdrawal of 75.9B $SHIB ($893K) from #Binance just hours ago. pic.twitter.com/nL7rRDZCXT
— Lookonchain (@lookonchain) February 29, 2024
Not stopping there, the whale delved into SHIB with a purchase of 75.9 billion tokens, hinting at potential gains based on Shiba Inu’s future prospects.
Experience the market influence of whales as they sway sentiments with their significant holdings, setting the tone for crypto trends.
Track the whale’s SHIB investment, which quickly escalated in value from $893,000 to over $1 million, showcasing a rapid growth of $100,000 in less than 12 hours.
Assessing PEPE and SHIB Performance Metrics
Witness Shiba Inu’s ascent as the 19th largest crypto and second-largest memecoin, marking a remarkable 25.5% price surge in 24 hours, currently trading at $0.00001388 with a trading volume exceeding $2.65 billion.
Meanwhile, PEPE’s recent attention stemmed from a 140% surge last week but now faces a 12% dip, trading at $0.000002891. Despite the decline, PEPE continues to outperform the market with its 7-day 142% surge, as per CoinGecko.
PEPE is currently priced at $0.0000028766 in the hourly chart. Source: PEPEUSDT on TradingView.com
Disclaimer: This article serves for educational purposes only. The views expressed do not necessarily align with those of NewsBTC and investment decisions should be made after conducting thorough research. All investments involve risks and should be approached cautiously.
