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A Whale Turned $83 into $79.4 Million on This Altcoin That ATH’d Today: 958,580x Profit

source-logo  en.bitcoinsistemi.com 21 May 2024 17:49, UTC

PEPE, one of the new generation memecoins of the cryptocurrency world, experienced an impressive rally and managed to reach its all-time high today.

This rise in PEPE, the world's third-largest memecoin, is attributed to improving market sentiment as hopes grow that Ethereum Spot ETF products will be approved by the SEC.

PEPE price has risen over 30% in the last 24 hours and is trading at $0.00001267 at the time of writing.

However, the rise in PEPE also revealed that a whale has made an incredible amount of profit. According to data provided by Lookonchain, a cryptocurrency whale has still not sold the PEPE tokens he bought by paying only $ 83, and the value of the tokens he currently holds is at $ 79.4 million.

This means that the whale wallet made a profit of 958,580x. Whale wallet is one of the earliest investors in the popular memecoin.

The whale, which consists of three wallets belonging to the same person or institution, bought 6.44 trillion PEPE tokens by paying 0.041 ETH, or 83 dollars, and has not made any sales so far.

*This is not investment advice.