- The cryptocurrency market has been rocked by fluctuations in meme coins in the last 24 hours. While large investors have made significant profits from these fluctuations, some investors have suffered significant losses. Here are the altcoin projects and transactions that are the focus of investors…
- An investor who invested in a Solana-based GME meme coin about three months ago and then suffered losses due to serious declines, saved with the return of TheRoaringKitty, as we reported as CoinOtag. According to data from the on-chain analysis platform Lookonchain, this investor bought 69 million GME for 4.086 SOL worth $408,000 three months ago. The investor, who did not sell despite a 90% decline, made a profit of $282,000 thanks to the pump that occurred with the return of TheRoaringKitty, who led the GameStop (GME) event, three years later.
- On the other hand, Pepe (PEPE) whales, who made a significant amount of profit, started selling transactions. According to data from the on-chain analysis platform Spot On Chain, two large cryptocurrency whales started profit sales in Pepe. The early period PEPE whale with the wallet address “0x647” deposited 250 billion PEPE worth $2.69 million to the cryptocurrency exchange Binance a short time ago. This whale, which made a profit of about $4.8 million from PEPE, still has 42.4 billion PEPE worth $424,000. Another whale “0xa4f” managed to pocket $1.31 million by selling 123 billion PEPE. This whale made a profit of $223,000 in just three days. According to CoinGecko data, PEPE, which showed a 24% increase in the last 24 hours, is trading at $0.0000109 as of writing.
Investors ride the wave of meme coin fluctuations, with some making significant profits while others suffer losses. The return of TheRoaringKitty brings profit for a GME investor, while Pepe whales start to withdraw their profits.
Investor Turns Loss into Profit with TheRoaringKitty’s Return
An investor who invested in a Solana-based GME meme coin about three months ago managed to turn a loss into a profit with the return of TheRoaringKitty. Despite a 90% decline, the investor did not sell and made a profit of $282,000 thanks to the pump that occurred with the return of TheRoaringKitty.
Pepe Whales Begin to Withdraw Profits
Pepe whales, who made a significant amount of profit, have started selling transactions. Two large cryptocurrency whales started profit sales in Pepe, with one depositing 250 billion PEPE worth $2.69 million to the cryptocurrency exchange Binance a short time ago.
Altcoin Projects Lido (LDO) and PEPE See Whale Activity
On May 14th, a whale/institution transferred 7 million LDO (approximately $13.01 million) to Coinbase 15 hours ago, according to a tracking by @ai_9684xtpa. If all were sold, the profit would be $2.17 million. According to tracking data from Lookonchain, an investor swapped 1.86 million USDC for 195 billion PEPE 12 hours ago and is currently making a profit of $236,000.
Conclusion
Meme coins have recently been prominent with high volatility and uncertainties. While this situation offers great profit opportunities for some investors, it can lead to significant losses for other investors. The movements of whales in this market can have a significant effect on prices. Therefore, it is important for investors to conduct detailed research and consider risks before investing in meme coins.
