Crypto whale 0xfbf, also known by the handle @degentradingLSD, has made a significant move by depositing 254.65 billion PEPE tokens (worth $5.15 million) to Binance, securing a hefty profit.
Despite the sizable transaction, the whale retains 430 billion PEPE tokens, valued at $8.7 million, bringing their estimated total profit from PEPE to an impressive $13.1 million—a 13x return on investment.
The whale’s journey with PEPE began with the withdrawal of 759 billion tokens from Binance at an average price of $0.000001314 on November 9 and 12, 2023. The estimated cost of this transaction was $997,000. Since September 19, 2024, the whale has deposited a total of 329 billion PEPE back to Binance, capitalizing on a significantly higher average price of $0.00001747, amounting to $5.75 million.
In addition to their success with PEPE, the whale holds diverse crypto assets:
– 3.955 million DOGE: Valued at $1.69 million, this holding boasts an unrealized profit of $1.59 million, reflecting a 15x return.
– 2.496 million LDO: Spread across two wallets (0xfbf and 0xb5c), this holding is valued at $4.12 million but shows an unrealized loss of $432,000, representing a 9.5% dip. Notably, the whale recently referred to LDO as “the strongest ETH beta thus far.”
– 1.9 million HPOS10I Bitcoin: Worth $422,000, this holding reflects an unrealized profit of $124,000, equating to a 41.7% gain.
Crypto whale @degentradingLSD deposited 254.65B $PEPE ($5.15M) to #Binance for a big $4.81M profit 13 hours ago!
Currently, this whale holds:
• 430B $PEPE ($8.13M) with another unrealized profit of $7.74M (13x return);• 3.96M $DOGE ($1.6M) with an unrealized profit of $1.5M… pic.twitter.com/OCRcwjvGsQ
— Spot On Chain (@spotonchain) November 26, 2024
With strategic trading moves and diverse holdings, whale 0xfbf continues to make waves in the crypto market, leveraging profits while actively managing risk across assets.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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