Pepe

PEPE

A crypto whale known as “@degentradingLDS” on Twitter has made a whopping $4.81 million profit by depositing 254.65 billion Pepe (<a href="https://yellow.com/asset/pepe">PEPE</a>) coins (nearly $5.15M) to the <a href="https://blockchainreporter.net/crypto-whale-pockets-4-81m-in-gains-from-pepe-on-binance/">crypto exchange</a> Binance. 
On-chain analytics firm Spot On Chain highlighted this crypto whale activity. The company pointed out that this means it is time to leverage the meme coin trading. 
This $4.81 million profit made by the crypto whale has drawn the attention of investors. Although the whale that's liquidated a part of its PEPE holdings, it still owns a major portion of the meme coin. 
At present, the crypto whale holds 430 billion PEPE tokens which is valued at $8.13 million. Out of this, $7.74 million is in unrealized profit. This means that the whale has made an astounding 13x returns on its investment. 
The crypto whale also has 3.96 million Dogecoin which is valued at $1.6 million. This could result in an unrealised profit of $1.5 million, a 15x return from its investment. 
The whale also holds other digital assets like 2.5 million LDO which is worth $4.12 million, an unrealised profit of 9.5%, making up $432,000 of the downturn. 
However, the loss didn't affect the crypto whale much as it continues to purchase LDO, having faith in its long-term potential. 
The recent crypto market happenings has triggered a distribution of funds in crypto whales like @degentradingLSD as meme coins like PEPE are witnessing more capital outflow to altcoins. This is particularly visible in DOGE and LDO. 
This shift in the whale activity could be because of a wider market sentiment as crypto traders diversify their portfolio with resilient fundamentals or value propositions based on utility. 
At press time, Pepe was trading at $0.00001823, down 1.90% in the last 24 hours while its trading volume has declined 13.10% to touch $2.64 billion and its market cap fell to $7.67 billion.

Crypto Whale Deposits 254B PEPE on Binance, Makes $4.81M Profit

Yellow News

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