CDS Crypto News PEPE Holdings Dump: Meme Coin Whale Swims Away with 3.39M Dollars in Profit
Crypto News

PEPE Holdings Dump: Meme Coin Whale Swims Away with 3.39M Dollars in Profit

Spot On Chain recently uncovered an intriguing case in the world of meme coins: a trader who made waves by depositing a staggering 500 billion PEPE tokens into Binance within the span of just 10 days.

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PEPE Holdings Dump: Meme Coin Whale Swims Away with 3.39M Dollars in Profit

Crypto News- Spot On Chain, a leading cryptocurrency analytics platform, unveiled the remarkable success story of a savvy meme coin trader. Within just 10 days, this astute investor deposited a whopping 500 billion PEPE tokens onto Binance, translating to a hefty $4.26 million. Riding the wave of PEPE’s surge in value, the trader pocketed a staggering $3.39 million in profits during this short period.

Today, amidst PEPE’s continued bullish momentum, the trader decided to lighten his load, moving a significant portion of his holdings. Yet, even after this maneuver, the trader still retains 100 billion PEPE, valuing at a substantial $1.05 million. And that’s not all – this same trader capitalized on the soaring popularity of meme coins within the Shiba Inu ecosystem, netting an additional $900,000 in profits from FLOKI and SHIB.

PEPE Holdings Dump: Meme Coin Whale Swims Away with 3.39M Dollars in Profit

PEPE, the frog-themed Ethereum-based token launched in April 2023, recently shattered long-standing resistance on February 26, igniting a relentless rally that lasted nearly three weeks. Despite a rocky start in 2023, PEPE has now soared over 700%, surpassing its previous all-time high by a remarkable 140%.

With this meteoric rise, PEPE has surged to the 30th position among global cryptocurrencies, boasting a market capitalization of $4.42 billion. Today alone, its price spiked by an impressive 15%, trading at $0.00001045 according to CoinMarketCap.

Following PEPE’s lead, other meme coins like FLOKI and SHIB have also experienced monumental gains. FLOKI skyrocketed by over 750% in just three weeks, while SHIB rallied by an impressive 380% during the same period, according to TradingView data. The meme coin frenzy shows no signs of slowing down, as traders continue to capitalize on this explosive market trend.

PEPE Holdings Dump: Meme Coin Whale Swims Away with 3.39M  Dollars in Profit

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