The Ethereum-based memecoin $PEPE has recently surged to an all-time high, drawing significant attention from major investors and early adopters.
Numerous onchain reports highlight substantial transactions, reflecting the heightened market activity and investor interest in $PEPE.
BlockTower Capital transferred 202B $PEPE($2.8M) to #Cumberland for sale 2 hours ago after the $PEPE price broke through $0.000014.
BlockTower Capital bought the 202B $PEPE($2.22M) via #Cumberland 6 days ago.
Making $578K in 6 days, with an ROI of 26%.https://t.co/bSxQ2JVkZJ… pic.twitter.com/zyntQBRmre
— Lookonchain (@lookonchain) May 22, 2024
BlockTower Capital, a prominent investment firm, transferred 202 billion $PEPE (valued at $2.8 million) to Cumberland for sale just hours after $PEPE’s price broke through the $0.000014 mark.
This move came after BlockTower Capital had acquired the same amount of $PEPE for $2.22 million through Cumberland six days earlier, resulting in a profit of $578,000 and an impressive ROI of 26%.
An early buyer of $PEPE deposited all 182.9B $PEPE($2.53M) into #Binance 6 hours ago.
This guy spent 0.22 $ETH($462) to buy 324.9B $PEPE on Apr 15, 2023 and sold it all for $3.4M.
He was lucky enough to turn $462 into $3.4M, a gain of 7,368x!
Address:https://t.co/o4UcGKVHEh pic.twitter.com/zq03iGzcAe
— Lookonchain (@lookonchain) May 22, 2024
Additionally, an early $PEPE investor made a notable move by depositing all 182.9 billion $PEPE (worth $2.53 million) into Binance.
This individual had initially spent 0.22 $ETH (approximately $462) to buy 324.9 billion $PEPE on April 15, 2023. The sale netted them a staggering $3.4 million, marking a gain of 7,368 times their initial investment.
A smart trader deposited 201.85B $PEPE($2.83M) to #Bybit to take profits.
This trader has traded $PEPE 3 times and made money every time, with a win rate of 100%, and the total profit is ~$2.48M.https://t.co/Ww3YY4asNI pic.twitter.com/tQhTSGwh80
— Lookonchain (@lookonchain) May 22, 2024
Whales Take Profit By Depositing $PEPE Into Exchanges
In another significant transaction, a savvy trader deposited 201.85 billion $PEPE (valued at $2.83 million) to Bybit to take profits. This trader has a perfect track record, having traded $PEPE three times and profiting on each occasion, accumulating a total profit of approximately $2.48 million.
A whale withdrew 592B $PEPE ($7.95M) from #Binance 1 hour ago, most likely bought during the price increase over the past 2 days.https://t.co/zeCAtBN8fj pic.twitter.com/jxVEu4WBCq
— Lookonchain (@lookonchain) May 22, 2024
Meanwhile, a whale made a notable withdrawal of 592 billion $PEPE (worth $7.95 million) from Binance just hours ago. This action likely occurred during the recent price increase over the past two days, indicating the whale’s strategic move to capitalize on the surge.
These transactions underscore the intense interest and strategic maneuvers by investors around $PEPE, highlighting the memecoin’s potential and volatility. As $PEPE continues to break new ground, the market will be closely watching for further developments and significant moves by key players.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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