Massive Whale May Have Sold Half of Its Altcoin After Making Huge Profits

Cryptocurrency onchain data has revealed that a major whale may have sold an altcoin from which he made a large profit.

According to the data, the whale wallet with the short address 0x3c9E transferred 502.5 billion $PEPE tokens worth $6.47 million to the cryptocurrency exchange Binance. However, the whale still holds 497.5 billion $PEPE tokens worth $6.41 million.

Interestingly, this crypto whale made a profit of $7.47 million from $PEPE in the last month alone, and the reason for the transfer may be profit realization.

However, the whale’s largest altcoin holding is not $PEPE. The cryptocurrency whale, who currently has a total asset portfolio of $25 million, has $11.16 million worth of staked Ethereum. $PEPE assets come in second, while USDC and USDT come in third and fourth with $6 million and $2 million, respectively.

The whale also has $426,000 worth of LINK tokens, which are relatively small amounts compared to his portfolio.

*This is not investment advice.