Crypto Whale Turns $237K into $7.3M Profit with PEPE Tokens: 31x Return!
A crypto-well recently made headlines after making a huge profit by transferring several PEPE tokens to Kraken. The whale posted an estimated PEPE of $356.2 billion at $7.3 million, representing an impressive 310% return on their initial investment.
Crypto Whale MAade $7.54 Million Profit
On September 20, 2023, a well-known market information platform Spotonchain, a crypto-well issued 375.65 billion PEP tokens from Gemini, and spent only $237,000. The investment seemed small at the time, but the crypto market soon turned around and yielded huge profits.
In February 2024, WELL started selling its PEPE tokens on Decentralized Exchange (DEX) and Kraken. When all sales were complete, the whales had spent a total of $7.54 million. This huge profit represents a return of 310%, which shows how quickly the crypto market changes.
The Spotonchain report highlights the importance of market timing in cryptocurrency investment. The ability to buy whales at low prices and sell them at high prices has made incredible profits.
Whales get 10 trillion PEPE tokens
Investor excitement around Pepe Coin (PEPE) is growing, with whales buying nearly 10 trillion tokens. This surge in whale activity shows strong confidence in the coin's future, as large holders move their tokens to private wallets, reducing exchange supply. This is usually a sign of confidence and can set the stage for future price rallies.
PEPE price update
PEPE recently hit a new high of $0.00002, up from its previous high of $0.00002524 in November 2024.
Although the price decreased slightly by 2% to $0.00002052, the chart shows a bullish trend. If the pattern continues, PEPE could target $0.00015100, which could provide a 65x profit from the current level.
