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
Another Whale Accumulates Massive Amount Of PEPE
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.
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