Ethereum

Pepe

Pepe Chain

The wallet has sold another $12.22 million worth of ETH this week.  
After investing $46K in Ethereum’s 2014 ICO, the trader is now worth over $300 million.  
<h2 class="wp-block-heading" id="h-eth-whale-takes-profit-after-2-year-break">ETH Whale Takes Profit After 2-Year Break</h2>  
A whale who has been around since the Ethereum genesis has made over 6,500x by investing in the ICO.  
X analytics account Lookonchain first reported on the wallet on 27 September, noticing that it sent ETH to Kraken after being dormant for two years.  
Over four days, the wallet sent 12,010 ETH worth $31.6 million to the exchange.  
However, the trader has continued to take profits since.  
Between 1-3 October, the wallet sold another 19,000 ETH, totalling an eye-watering $47.54 million.  
The most recent sale came on 8 October and was for 5K ETH worth $12.22 million.  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 https://twitter.com/lookonchain/status/1843463993673035826
 </div>
</figure>  
Within two weeks, the Ethereum whale has gained over $80 million.  
It has led to a lot of interest, with one popular response to Lookonchain’s analysis calling the trader “legendary” and asking whether he has any more “big moves” planned.  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 https://twitter.com/SpyMk2124/status/1841671568361181563
 </div>
</figure>  
The Ethereum ICO, which took place on 2 September 2014, raised $18.66 million at a price of $0.311.  
The trader’s $300 million profit underlines the advantage of getting into projects early and with high conviction.  
Within a decade, he has generated gains beyond imagination.  
However, the $46K investment was no laughing matter - it’s a huge sum of money. This reflects the captivating allure of Ethereum and the significant interest it has received since day one.  
Today, we can also see a similar phenomenon with the new ICO token Pepe Unchained.  
It has received multiple whale buys for $50K or more, and its total raise exceeds $18 million, neck-and-neck with Ethereum’s ICO raise. Could this be the next millionaire-making presale?  
<h2 class="wp-block-heading" id="h-is-pepe-unchained-the-best-ico-to-invest-in-meme-coin-presale-raises-over-18m">Is Pepe Unchained the Best ICO to Invest in? Meme Coin Presale Raises Over $18M</h2>  
The current market cycle is being dubbed the “meme coin supercycle,” and <a href="https://coinpedia.care/b_pepeunchained-en_98081?referrer=this-early-crypto-ico-investor-made-$300m-buying-ethereum" target="_blank" rel="noopener noreferrer nofollow">Pepe Unchained</a> developers are taking full advantage.  
But they’re not just building a meme coin - they’re building a blockchain for meme coins.  
It’s an Ethereum layer 2 network connected via a dedicated bridge. It promises 100x faster speeds and much lower fees than Ethereum.  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/06/27131923/pepe-unchained-2-1024x536.webp" alt="pepe-unchained" class="wp-image-320239">
</figure>  
The Pepe Chain will also offer staking, a block explorer, advanced analytics, a decentralized exchange, and more.  
They’ve already revealed that they’re in talks with tier-1 exchanges to list after the presale, which will open $PEPU to tons of new investors and liquidity.  
And with a use case that simultaneously tackles Ethereum’s scalability issue and taps into the viral meme coin mania, there will be a lot of interest.  
Expert analysts are already taking note. For instance, ClayBro said that it can 100x in price.  
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-4-3 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper">
 https://www.youtube.com/watch?v=BYIeoUAjoYc&amp;t=2s
 </div>
</figure>  
Meanwhile, Etherscan data shows smart money whales are buying in. For instance, one trader bought <a href="https://etherscan.io/tx/0x1e04438d3f70001ad024fce1206d1aaca287d5fefd086e83355bd986f0a5a555" target="_blank" rel="noopener noreferrer nofollow">$51K worth of $PEPU</a> last week, while another <a href="https://etherscan.io/tx/0x1109862a18eb717f3368e9fd16fe8cb44ee4cbf743ed4a8fc63d95367224ec87" target="_blank" rel="noopener noreferrer nofollow">invested $16K</a> on Tuesday.  
Investors are doubling down on the $PEPU presale, and many are likely hoping for a rerun of Ethereum’s ICO gains.  
This is fueled by Pepe Unchained’s use case as a scalable meme coin blockchain, aligning perfectly with the current market dynamics.  
<a href="https://coinpedia.care/b_pepeunchained-en_98081?referrer=this-early-crypto-ico-investor-made-$300m-buying-ethereum" target="_blank" rel="noopener noreferrer nofollow">Visit Pepe Unchained Presale</a>

This Early Crypto ICO Investor Made $300M Buying Ethereum

Table of Contents

CoinPedia News

Other articles published on Oct 10, 2024

Star Health Data Breach: Hacker Claims CISO Sold Data to Him

Thailand’s SEC initiates new regulations for mutual and private funds to invest in crypto

Genius Trump Solana Memecoin Will Explode 19,000% Before Exchange Listings, As Shiba Inu and DOGE...

Bitget Tightens Token Listing Requirements

Decentralizing the World’s Dapp Store: How DappRadar is Solving Real Problems for Web3

Bitcoin Price Analysis: BTC Falls Below $61,000, Here’s the Next Target

Join our free newsletter for daily crypto updates!