Coinbase and Robinhood, the largest cryptocurrency exchanges in the United States, announced yesterday that they had listed the popular memecoin PEPE.
While these listings caused PEPE to rise by over 50% in the last 24 hours, whales also became active.
Despite the rise in PEPE, some whales continued to buy, while some sold for profit.
PEPE Also Made a Snow Sale!
According to Lookonchain’s post, a giant whale deposited 500 billion PEPE worth $11.38 million into Coinbase to make a profit.
This whale spent just 1,173 Ethereum (ETH) worth $2.04 million to purchase 2T PEPE between May 6 and September 10, 2023.
The whale, who currently holds 1.5T PEPE ($36 million), has made a total profit of over $45 million.
In contrast, some whales continued to accumulate PEPE even after Coinbase and Robinhood announced that they would list PEPE. Accordingly, whale “0x160f…Ab5B” purchased 197.39B PEPE worth $4.8 million from Binance.
This Whale Turned $26 Into $61.5 Million!
Some whales did not do anything even though PEPE was rising. A smart whale shocked everyone by turning $26 into $61.5 million with frog-themed memecoin PEPE.
In April 2023, an investor invested in PEPE with just 0.013 ETH worth approximately $26, believing in PEPE’s growth potential.
PEPE, which did not attract the attention of investors at the time, grew spectacularly over time, and the whale turned $26 into $61.5 million.
This whale has been blacklisted by developers due to its huge profits and still not selling. According to Lookonchain’s post, the wallet address “0xaf23…df54534” has been blacklisted by developers and is restricted from selling tokens.
This #MEME sniper spent just 0.013 $ETH($26) to buy 2.52T $PEPE, which is now worth $61.5M!
However, the address was blacklisted by the dev, he can’t sell these $PEPE!
Address:
0xaf2358e98683265cbd3a48509123d390ddf54534 pic.twitter.com/36iQWPpV0g— Lookonchain (@lookonchain) November 14, 2024
*This is not investment advice.
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Source: https://en.bitcoinsistemi.com/giant-whale-turned-26-into-61-5-million-with-this-altcoin-investment-but-he-cant-sell-it-heres-why/