Another One of PEPE's First Owners Sold Out: Earned 54.725x His Original Investment

One of the whales of PEPE, one of the most talked about cryptocurrencies of recent days, made a new transaction.

A whale wallet, which bought a large amount of altcoins on the decentralized exchange UniSwap within 30 minutes of PEPE's initial launch, completely stripped out of 1 trillion tokens, which at the time of this writing amounted to $871,000.

The wallet in question was one of the first buyers of the token, and had purchased 1.6 trillion tokens for 0.0183 Ethereum, or $36.73 at the current price.

Whale wallet, which previously sold some of its holdings, closed its PEPE trade with a profit of 1,001 ETH ($1.73 million) and increased its principal to 54,725 times.

Graph showing the fluctuations of the PEPE price during the day.

The wallet in question will allegedly belong to one of the team who was aware of the token's release. There was a serious separation within the PEPE team recently, and 61 million dollars worth of tokens from multisig wallets were sold on central exchanges. Making a statement today, the token team reported that members who made sales were removed from the developer team.

*Not investment advice.