Diamond

PEPE

Shiba Inu

<figure>
 <figcaption>
  Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<p lang="en-GB" xml:lang="en-GB">Crypto whale tracker and analytics account on X @lookonchain spread the word about a mysterious cryptocurrency whale, a “diamond hand” one, who disposed of a <a href="https://u.today/epic-9-trillion-pepe-leave-top-exchange-whats-happening" rel="noopener noreferrer nofollow">massive PEPE chunk</a> several hours ago.</p>
<p lang="en-GB" xml:lang="en-GB">That whale had held those PEPE coins for almost a year and has now made a massive return on his investment into this meme coin.</p>
<h2 id="selling-billions-of-pepe-with-huge-roi">Selling billions of PEPE with huge ROI</h2>
<p lang="en-GB" xml:lang="en-GB">The aforementioned PEPE diamond hand transferred 170.2 billion of these hyped meme coins to a cryptocurrency exchange where he sold them, earning $1.77 million. The ROI on this investment was a whopping 886%, according to the tweet.</p>
<p lang="en-GB" xml:lang="en-GB">@Lookonchain shared that at the end of October last year, this trader purchased the 107.2 billion PEPE, spending 200,000 USDC on that purchase. He held it until today.</p>
<blockquote>
 <p lang="en" dir="ltr">A <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PEPE</a> Diamond Hand sold 170.2B <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PEPE</a> for 1.97M <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$USDC</a> 1 hour ago, making $1.77M, with an ROI of up to 886%!He spent only 200K <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$USDC</a> to buy 170.2B <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PEPE</a> on Oct 26, 2023 and held it.Address:<a href="https://t.co/CgRvoC8EF2" rel="noopener noreferrer nofollow">https://t.co/CgRvoC8EF2</a> <a href="https://t.co/mhMSbpHLCl" rel="noopener noreferrer nofollow">pic.twitter.com/mhMSbpHLCl</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1816441367096443231?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 25, 2024</a>
</blockquote>
<h2 id="pepe-coin-plummets-11">PEPE coin plummets 11%</h2>
<p lang="en-GB" xml:lang="en-GB">Over the last 24 hours, the hyped meme cryptocurrency PEPE has seen a striking decline, losing almost 12% after a 10.76% increase on Wednesday. By now, PEPE has lost the $0.00001293 price mark and <a href="https://www.tradingview.com/symbols/PEPEUSDT/" rel="noopener noreferrer nofollow">crashed to hit $0.00001141</a>.</p>
<p lang="en-GB" xml:lang="en-GB">PEPE emerged out of the blue in April last year, created by a team of anonymous developers. Unlike other popular meme coins, this one was inspired not by Shiba Inu dogs but by Pepe the Frog, a meme popular on the internet.</p>
<h2 id="pepe-s-utility-remains-at-zero">PEPE's utility remains at zero</h2>
<p lang="en-GB" xml:lang="en-GB">Many pointed out that PEPE had zero utility and still has none. However, the meme coin seems to have a high appeal among short-term investors and traders as they continue to actively buy it and then sell PEPE after holding it for a while.</p>
<p lang="en-GB" xml:lang="en-GB">No updates have been made to PEPE, unlike other popular meme cryptocurrencies, such as Dogecoin, <a href="https://u.today/shib-devs-super-busy-shiba-inu-team-reveals-something-cooking" rel="noopener noreferrer nofollow">Shiba Inu</a>, Floki or BabyDoge, since its anonymous team stopped working on PEPE after launching it on the market last year. Therefore, it remains a speculative investment tool for many cryptocurrency traders.</p>

170.2 Billion PEPE Dumped by Diamond Hand Whale With Massive Profit

Table of Contents

U_Today

Other articles published on Jul 25, 2024

Ethereum Pullback Is an "Opportunity," Leading Analyst Says

OpenAI’s SearchGPT Challenges Google’s Search Dominance

Coinbase Pushes for SEC Chair Gensler’s Private Emails in Legal Dispute

Coinbase Announces Partnership with This Binance-Listed Altcoin

Ethereum ETFs Debut Strongly: BlackRock and Bitwise Lead with $470.5M Combined Inflows

Hamster Kombat Daily Mini Game Solutions for 26 July 2024

Join our free newsletter for daily crypto updates!