A crypto investor is drawing attention with his transactions on the meme token PEPE. Blockchain tracking firm Lookonchain determined that an anonymous investor transferred 427 billion PEPE tokens to the Kraken exchange. The value of this transfer was $8.5 million at that time.
Major Transfer and Potential Sale
By moving PEPE tokens to a major exchange such as Kraken during the transfer, the investor increases the likelihood of these tokens being sold on the open market. This move could have a significant impact on the market.
Past Transactions and Profits
According to Lookonchain data, the same investor made millions of dollars in profits by selling his PEPE ownership in December last month. This sale was made during the early stages of the market correction and generated a total profit of $11.7 million.
Current Situation and Market of PEPE
The value of one trillion PEPE tokens currently held by investors is approximately $18.4 million. This shows that the investor made a profit of approximately 2 million dollars. PEPE token is currently trading at $0.000018 and ranks 29th with a market value of $7.5 billion.
“This clever whale sold all of his PEPE during the market crash on December 19th, making a total profit of $11.7 million! “In the last six days after the market crash, the whale again accumulated 1.42 trillion PEPE ($24.5 million).” – lookonchain
After accumulating more than one trillion PEPE tokens between March and September 2024, the investor surpassed that amount again in December. These moves were made after Memecoin’s price stabilized.
The performance of the PEPE token in the last 24 hours is at $ 0.000018, with a decrease of 4.2%. In terms of market cap, PEPE ranks 29th among crypto projects.
These strategic moves by the investor are attracting attention in the meme token market, leading to speculation on PEPE’s future performance. The actions of large investors can cause significant fluctuations in crypto markets.
In the end, these large transfers on the PEPE token and the profits made by the investor reveal the activity in the crypto market and the potential of meme coins. Investor movements continue to attract the attention of other investors by affecting market dynamics.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
