According to data provided by Lookonchain, a crypto whale recently sold a large amount of an altcoin during the widespread Bitcoin and altcoin crash.
The crypto whale sold all of his $PEPE tokens on December 19, making a total profit of $11.7 million.
On the other hand, as the market decline seems to be over for now, the whale has made another move. According to Onchain data, the whale wallet has started accumulating $PEPE again in the last six days and has purchased 1.42 trillion $PEPE tokens, equivalent to a total of $24.5 million.
$PEPE, the world's 25th largest altcoin and third largest memecoin, has lost around 8% in the last month. However, when the moves of the whale in question are examined, it is seen that he sold at a high price and collected tokens at a low price.
At the time of writing, the altcoin is trading at $0.00001762, with a market cap of $7.41 billion, and is about 37% off its all-time high price.
*This is not investment advice.