Watch Out: Giant Whale, One of This Altcoin’s First Investors, Has Dumped Almost All of Its Tokens

Cryptocurrency analysis company Lookonchain reported in its statement that an early whale sold altcoins owned by an altcoin.

According to analysts, the whale in question started selling in the memecoin named BEER and made a total profit of 1.3 million dollars.

Data shows that this whale spent $50k on Solana during the BEER altcoin presale and received 3.38 billion tokens in return.

In his previous transactions, it appears that the whale also bought 1.86 billion more BEER tokens by selling the $192,000 BONK memecoin. According to the data, the whale wallet also made a profit sale by selling 240 million tokens for 120 thousand dollars after BEER was listed on Gateio.

Today, the giant whale sold $4.6 billion, almost all of its BEER altcoins, and earned $1.34 million. The whale still has 400 million BEER tokens, or 109 thousand dollars, in its wallet. In net terms, the whale made a profit of $1.3 million from these trades.

*This is not investment advice.