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Cryptocurrency News Articles
Whale 0xd93 Makes Strategic Moves in the $PEPE Market, Acquiring 98.612 Billion Tokens
Nov 16, 2024 at 04:16 pm
The whale currently holds a staggering 556.78 billion $PEPE tokens valued at $12.74 million, reflecting an estimated total profit of $9.46 million—a 31% gain.
A whale has made a significant purchase in the $PEPE market, acquiring 98.612 billion tokens at an average price of $0.00002271. The total purchase amounted to $2.24 million in USDC and DAI.
According to data from Footprint Analytics, the whale currently holds 556.78 billion $PEPE tokens, valued at $12.74 million. This marks an estimated total profit of $9.46 million — a 31% gain.
The whale's trading history reveals a strategy of accumulating tokens at a low price and selling them at a higher price.
For instance, between December 22, 2023, and November 15, 2024, 0xd93 acquired 1.478 trillion $PEPE, using $7.22 million in USDC, wTAO, and COW, at an average cost of $0.000004884 per token.
Later, between December 27, 2023, and October 23, 2024, the whale offloaded 921.7 billion $PEPE, generating $3.94 million in USDC and ETH, at an average price of $0.000004278 per token.
A whale spent $2.24M to buy 98.612B $PEPE 9 hours ago as the $PEPE cooled down.
Currently, the whale holds 556.8B $PEPE ($11.71M) and has an estimated total profit of $8.43M (+16.75%) from this token!
Follow @spotonchain and set alerts for this whale via https://t.co/7Kyk4XHzkU pic.twitter.com/8hcwNycxhg
— Spot On Chain (@spotonchain) November 15, 2024
This trading activity underscores a calculated approach, where 0xd93 has capitalized on price fluctuations to build and manage a highly profitable portfolio. The whale's current holdings reinforce $PEPE's standing as a key asset within the memecoin market.
Such significant activity from high-net-worth investors contributes to the momentum for $PEPE, aiding its sustained presence in the cryptocurrency landscape.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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