Two Giant Wallets, One of Which is PEPE Whale, Traded a Large Amount of Altcoins: Here Are Their Trades

While Bitcoin (BTC) reached an all-time high on some cryptocurrency exchanges today, altcoin whales did not remain idle.

A whale known by the short wallet address 0x81d deposited all 55.13 million $PEOPLE tokens (equivalent to $2.84 million) to Binance at an average price of $0.05156 per token.

$PEOPLE price is down approximately 16% in the last 24 hours and is trading at $0.04681 at the time of writing.

Interestingly, the same whale had withdrawn these $PEOPLE tokens from Binance on March 2, 2024 at an average price of $0.04987 ($2.75 million in total). If he had sold now, he would have made an estimated profit of $93k, a gain of +3.38% after only 3 days of holding.

However, the whale currently holds 4 million ARKM tokens worth $9.52 million and has incurred an unrealized loss of $320k (-3.25%).

In another significant move, a whale with short wallet address 0x04e sold another 60 billion $PEPE tokens for 441,068 $USDC at an average of 0.000007342 $USDC per token.

This whale has now made a total profit of 491 thousand USD from this second and ongoing $PEPE transaction just 2 days later. Originally purchased 340.86B $PEPE on Mar 04, 2024 with an average of 0.000005728 $USDC. Over the past 12 hours, he sold 280.86 billion $PEPE for 2.02 million $USDC at an average price of $0.000007204, making a profit of $349k (+17.27%).

Whale currently has 60 billion $PEPE ($444 thousand) and unrealized profit of $140 thousand. However, their first transaction with $PEPE on February 29, 2024 resulted in a loss of $26.6 thousand (-7.12%). It seems like this whale doesn't tend to hold onto its tokens for long periods of time.

*This is not investment advice.