The post Crypto Whale Turns $237K Into $7.3M Profit with PEPE Tokens: A 31x Return! appeared first on Coinpedia Fintech News
A crypto whale has recently made headlines after securing a massive profit by transferring a huge amount of PEPE tokens to Kraken. The whale deposited a staggering 356.2 billion $PEPE, valued at $7.3 million, marking an incredible 310% return on their initial investment.
Crypto Whale MAade $7.54 Mln In Profit
According to Spotonchain, a well-known market intelligence platform, on September 20, 2023, a crypto whale withdrew 375.65 billion PEPE tokens from Gemini, spending just $237,000. At that time, the investment seemed small, but the crypto market soon shifted, leading to huge gains.
By February 2024, the Whale started selling its PEPE tokens through decentralized exchanges (DEX) and Kraken. When all the selling was done, the whale had cashed out a total of $7.54 million. This huge profit shows a 310% return, highlighting how fast the crypto market can change.
Spotonchain’s report highlights the importance of market timing in cryptocurrency investing. The whale’s ability to buy at a low price and sell at a higher one resulted in a remarkable profit.
Whales Scoop Up 10 Trillion PEPE Tokens
Investor excitement around Pepe Coin (PEPE) is rising, with whales buying up nearly 10 trillion tokens. This surge in whale activity signals a strong belief in the coin’s future, as large holders move their tokens to private wallets, reducing supply on exchanges. This is often a sign of confidence and may set the stage for future price rallies.
PEPE Price Update
PEPE recently reached a new high of $0.00002, surpassing its previous peak of $0.00002524 in November 2024. This represents an impressive 150% increase in just a month.
Although the price has slightly dropped by 2% to $0.00002052, the chart shows a bullish trend. If the pattern continues, PEPE could target $0.00015100, potentially offering a massive 65x gain from current levels.