PEPE Whale Moves: Huge Profits and Market Impacts
- A whale deposited 400 billion PEPE to Binance, securing a $5.85 million profit with a 230% ROI.
- A prominent crypto analyst predicts bullish trends for PEPE, WIF, and POPCAT after a meme coin market resurgence.
According to a recent tweet from Lookonchain, a large whale in the cryptocurrency market has deposited a whopping 400 billion PEPE, worth $4.22 million, into Binance to secure profits.
Whale Withdraws and Secures Massive PEPE Profit
On March 1, this whale withdrew 795.92 billion PEPE from Binance, valued at $2.55 million at the time. Currently, the whale has 395.93 billion PEPE, worth $4.18 million. The whale’s entire PEPE profit is an amazing $5.85 million, representing a 230% return on investment (ROI).
A whale deposited 400B $PEPE($4.22M) to #Binance to take profits in the past hour.
The whale withdrew 795.92B $PEPE($2.55M at the time) from #Binance on Mar 1 and currently has 395.93B $PEPE($4.18M) left.
His total profit on $PEPE is $5.85M, the ROI is 230%!… pic.twitter.com/o7T1ihjoq9
— Lookonchain (@lookonchain) August 1, 2024
As of this writing, Pepe Coin is trading around $0,000009931, down 6.20% over the last 24 hours from a local high of $0,00001228. This price change occurs following a period of high activity among PEPE whales.
Previously, Crypto News Flash (CNF) reported on another PEPE whale who bought the meme coin for $200,000 last October. After selling the tokens for $1.97 million, this whale made a profit of $1.77 million, for a ROI of 886%.
In addition to these major transactions, a well-known cryptocurrency analyst has provided a bullish prediction for PEPE, WIF, and POPCAT.
As we previously reported, this analyst’s optimistic prediction comes after the meme coin market has had a remarkable rebound over a long period. The rise and subsequent interest in meme coins demonstrate the fickle but potentially lucrative character of these digital assets.
The analyst’s bullish attitude is especially significant given meme currencies’ historical performance and market sentiment. These tokens, which frequently began as memes or social media phenomena, have grown into major market participants with enormous financial influence.
