- Major crypto whales have recently become active in the PEPE market, according to on-chain data.
- A crypto whale purchased 406.74 billion PEPE equivalent to $4.26 million on Binance just minutes ago.
- Another whale, an early investor in PEPE, deposited 250 billion PEPE worth $2.67 million into Binance.
On-chain data reveals major crypto whales making moves in the PEPE market, with one buying billions of PEPE and another depositing a significant amount into Binance.
Whale Buys 406.74 Billion PEPE on Binance
According to data provided by crypto data provider Lookonchain, a crypto whale has recently purchased 406.74 billion PEPE, equivalent to $4.26 million, on Binance. This whale had previously made a total of $3.72 million from PEPE trades. Additionally, Lookonchain reports that this whale has previously traded in eight different altcoins, all of which were closed with a profit.
Early PEPE Investor Deposits 250 Billion into Binance
While one whale was making a significant purchase, another was making an interesting move by selling for profit. An early investor in PEPE, who had bought $4.8 million worth of PEPE tokens at a cost of only $1,000 during the memecoin’s early days, deposited 250 billion PEPE worth $2.67 million into Binance. Including previous sales, the whale’s total profit from PEPE is currently at the $3.6 million level.
Conclusion
The recent activity of these whales in the PEPE market highlights the potential for significant profits in the crypto market. However, it’s important to remember that these are highly risky investments and should only be undertaken with a clear understanding of the risks involved.
