A savvy investor who strategically accumulated 795.9 billion PEPE tokens during a market low in early March has reportedly exited the position, securing a substantial profit of approximately $5.07 million.
The exit occurred just five minutes ago, marking the end of a highly profitable five-month investment.
The whale initially transferred 795.9 billion PEPE from Binance on March 1st at a cost price of $0.0000032 per token, totaling $2.55 million. As the market began to decline, the investor reduced their position by half on August 1st, with the recharge price at $0.00001054.
今年三月初低点建仓 7959 亿枚 $PEPE 的聪明钱疑似在五分钟前清仓离场，累计获利约 507 万美金！🐸
该巨鲸在 03.01 以成本价 $0.0000032 从 #Binance 转出 7959 亿枚 PEPE，价值 255 万美金；后续在 08.01 大盘下跌趋势中减了一半的仓位，充值价格 $0.00001054 pic.twitter.com/somhUnIZ6r
— Ai 姨 (@ai_9684xtpa) August 9, 2024
During PEPE’s peak on May 27th, when the token reached $0.00001725, the whale’s holdings had an impressive floating profit of $11.18 million. However, with the final liquidation, the realized profit scaled back to $5.07 million, reflecting a substantial, though reduced, return.
Another PEPE Whale Empties His Bag
Additionally, another whale who accumulated PEPE at the start of this market rally has also completed their exit. This investor transferred the last 395.9 billion PEPE, valued at $3.4 million, to Binance just 30 minutes ago, marking the end of their five-month investment. This whale’s strategy mirrored the first, with an initial withdrawal of 795.9 billion PEPE from Binance on March 1st at $0.0000032 per token. The final transfer of PEPE tokens to Binance began on August 1st and was completed shortly before the market exit.
这个在 PEPE 本轮行情开始时囤积 PEPE 的鲸鱼，半小时前将最后的 3959 亿枚 $PEPE ($3.4M) 转进币安。
至此他历时 5 个月的 PEPE 投资结束，实现收益 $5.07M (+199%)。他在 5 个月前 (3/1) 以 $0.0000032 的价格从币安提出 7959 亿 PEPE，然后从 8 月 1 号开始将 PEPE… https://t.co/5ZZJ21ld84 pic.twitter.com/iqFYYuRCya
— 余烬 (@EmberCN) August 9, 2024
Both whales’ moves signal the close of a significant chapter in PEPE’s market activity, with each realizing a profit of $5.07 million—a 199% gain over their initial investments. These transactions highlight the potential for substantial profits in the volatile cryptocurrency market, particularly for those with the foresight to time their entries and exits effectively.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any project.
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