A smart trader, identified as 0x373, made a significant move in the past 10 hours by selling 74.07 billion PEPE tokens for 448.1 ETH, valued at around $1.53 million.

This follows a series of large transactions over the past three days, where the same whale offloaded 130.2 billion PEPE tokens, worth about $2.7 million, for a total of 891 ETH at an average price of $0.00002077 per token.

This super $PEPE whale sold 74.07B $PEPE ($1.53M) for 448.1 $ETH today as the price dropped.

Over the last 3 days, the whale sold 130.2B $PEPE ($2.71M) for 891 $ETH, leaving 3.241T $PEPE ($64.1M) with a $68.3M profit (12.6x).

Meanwhile, this whale’s still buying $EIGEN,… https://t.co/itSX3FjLq1 pic.twitter.com/vN8p32FNvH

— Spot On Chain (@spotonchain) November 25, 2024

Despite these large sales, the whale still holds a massive 3.241 trillion PEPE tokens, worth approximately $64.08 million. This means they’ve made an impressive $68.3 million in profit, with a 12.6x return on their investment.

In addition to PEPE, the trader has been active in the $EIGEN market, swapping 181.3 ETH for 217,348 $EIGEN tokens (valued at $612,000) in just the past two days. Currently, they hold 1.608 million $EIGEN tokens worth $4.31 million, showing an unrealized profit of $479,000, or +11%.

5 hours ago, a whale 0x160 withdrew 42.2B $PEPE (~$852k) from #Binance.

Within 2 weeks, he accumulated totally 253.89B $PEPE (~$3.85M) at avg entry ~$0.000015.

Just now, he has unrealized profit ~$1.21M

Address:https://t.co/brZG15paeQ pic.twitter.com/1YzuuvEIZN

— The Data Nerd (@OnchainDataNerd) November 25, 2024

Meanwhile, another whale, 0x160, has been accumulating large amounts of PEPE as well. In the past two weeks, this whale has amassed a total of 253.89 billion PEPE, worth about $3.85 million, with an average entry price of $0.000015 per token. Just five hours ago, this whale withdrew 42.2 billion PEPE tokens (~$852k) from Binance. Their total unrealized profit now stands at approximately $1.21 million.

The significant movements by these whales highlight the continued volatility and opportunity in the PEPE market, as traders take profits while also seeking new investments in other tokens like $EIGEN. These large players are shaping the market as they adjust their positions for future gains.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

Similar to Notcoin - Blum - Airdrops In 2024

origin »

110 +