Another One of PEPE’s First Owners Sold Out: Earned 54.725x His Original Investment

One of the whales of PEPE, one of the most talked about cryptocurrencies of recent days, made a new transaction.

A whale wallet, which bought a large amount of altcoins on the decentralized exchange UniSwap within 30 minutes of PEPE’s initial launch, completely stripped out of 1 trillion tokens, which at the time of this writing amounted to $871,000.

The wallet in question was one of the first buyers of the token, and had purchased 1.6 trillion tokens for 0.0183 Ethereum, or $36.73 at the current price.

Whale wallet, which previously sold some of its holdings, closed its PEPE trade with a profit of 1,001 ETH ($1.73 million) and increased its principal to 54,725 times.

The wallet in question will allegedly belong to one of the team who was aware of the token’s release. There was a serious separation within the PEPE team recently, and 61 million dollars worth of tokens from multisig wallets were sold on central exchanges. Making a statement today, the token team reported that members who made sales were removed from the developer team.

*Not investment advice.