• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Significant Profit Made by Crypto Whale from PEPE Tokens

user avatar

by Giorgi Kostiuk

2 years ago


A significant event unfolded recently within the cryptocurrency domain. An entity referred to as a crypto whale executed a deposit of 365.96 billion PEPE tokens valued at $5.3 million onto the Binance exchange with the intent of garnering a profit. This particular transaction commanded the attention of Lookonchain due to its substantial scale and value, prompting an immediate dissemination of information within the crypto community via X. The most striking aspect of the event was the considerable profit accrued by the crypto whale from the PEPE tokens.

Notable PEPE Transaction by the Crypto Whale

The crypto whale initiated the acquisition of a total of 365.96 billion PEPE tokens from the MEXC exchange through two distinct transactions conducted on December 13 and December 16, 2023. At the time of these acquisitions, the collective value of the tokens amounted to just $494,000. This move, characterized by its foresightfulness, has since witnessed a substantial escalation in the value of the initial investment within a notably concise timeframe.

Over the subsequent six-month period, the value of the PEPE tokens experienced a rapid surge, leading to a remarkable growth in the whale's assets. By the point of depositing the funds into Binance, the tokens had appreciated to a value of $5.3 million, resulting in a staggering profit of $4.82 million. This pronounced surge in value underscores the volatile nature of the cryptocurrency market and accentuates its potential profitability once more.

Astounding Return on Investment by the Whale

The return on investment realized by the whale was particularly extraordinary, exhibiting close to a 10x profit margin in percentage terms. While this figure underscores the substantial profit prospects inherent in the realm of cryptocurrencies, it is imperative to acknowledge the elevated risks accompanying such gains within this market landscape.

It is pivotal to stress that such a momentous return on investment is a relatively rare event. The transaction involving the transfer to Binance may suggest a strategic move by the whale to potentially liquidate a portion of the tokens for profit or transition them to a more secure or liquid environment. Consequently, it is advisable for prospective investors to monitor the price activity of PEPE tokens.

The current price of PEPE reflects a 5% decline as of my last check, with the price manifested at $0.00001422. This downturn raises speculation regarding the potential sale executed by the whale.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Unverified Claims of Indian Households' Gold Holdings Spark Debate

chest

Unverified claims suggest Indian households hold gold reserves four times greater than the US, raising questions about accuracy and data verification.

user avatarMaria Fernandez

Industrial Demand for Silver Surges Amid Green Energy Transition

chest

The demand for silver is increasingly driven by industrial applications, particularly in solar energy and electric vehicles, representing over 50% of global demand.

user avatarGustavo Mendoza

Silver Supply Constraints and Mining Realities

chest

The silver supply is facing significant constraints due to its production as a byproduct and declining ore grades, impacting future availability.

user avatarMiguel Rodriguez

U.S. Government Designates Silver as a Critical Mineral

chest

In 2025, the U.S. government added silver to its critical minerals list, recognizing its importance for clean energy and high-tech manufacturing.

user avatarArif Mukhtar

Record High Cryptocurrency Fraud Charges in 2025

chest

Record High Cryptocurrency Fraud Charges in 2025

user avatarRajesh Kumar

Stellar CEO Denelle Dixon Unveils XLM and SWIFT Interoperability Plans

chest

Denelle Dixon, CEO of the Stellar Development Foundation, reveals plans for integrating Stellar Lumens XLM with SWIFT's ISO 20022 standards to enhance global financial transactions.

user avatarLuis Flores

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.