$PEPE, the popular Ethereum-based memecoin, has surged another 6% in the past 24 hours, reaching a new all-time high (ATH) of $0.00001717. According to data from intotheblock, a remarkable 96.36% of $PEPE holders are now in profit, highlighting the token’s strong market performance.
BREAKING NEWS‼️
According to @intotheblock, 96.36% of $PEPE holders are in profits.
Bullish 📈 pic.twitter.com/78NTmsianm
— Vickado 🗽 (@VictorIwuegbu) May 27, 2024
In the past few hours, two newly created wallets withdrew 182.7 billion $PEPE (approximately $3.1 million) from OKX as the token hit its ATH.
Additionally, over the past five days, a whale withdrew 1.323 trillion $PEPE from Binance at an average cost of $0.00001378, amounting to an estimated $18.2 million. With the recent price surge, this whale’s holdings are now worth around $22.1 million, representing a 21% increase.
In the past 5 days, a whale withdrew 1.323T $PEPE from #Binance at ~$0.00001378 (est. cost: $18.2M).
Now, with the price surging 81% (7D) to a new ATH, the whale’s PEPE holding is worth $22.1M (+21%)!
Will the whale dump with these $PEPE soon? Follow @spotonchain and set alerts… pic.twitter.com/nsTpdLwlzu
— Spot On Chain (@spotonchain) May 27, 2024
A savvy trader, often referred to as “smart money,” made substantial gains from $PEPE. This trader spent $250,000 to acquire 160.62 billion $PEPE on December 6 and 7, 2023. The trader then sold all their $PEPE holdings for 644 ETH (valued at approximately $2.42 million) yesterday, realizing a profit of about $2.17 million and achieving a return on investment (ROI) of 867%.
The price of $PEPE has reached an all-time high again!
2 newly created wallets have withdrawn 182.7B $PEPE($3.1M) from #OKX in the past 40 minutes.https://t.co/KBx2mTy5SUhttps://t.co/aeSxN2JCz0 pic.twitter.com/1tAg3tg7PU
— Lookonchain (@lookonchain) May 27, 2024
More Profits In PEPECOIN And $JOE By Same Whale Trader
Moreover, the same trader made significant profits with pepecoin and $JOE. They invested $25,000 to buy 139,822 pepecoin on December 6, 2023, and subsequently sold 25,000 pepecoin for 30.27 ETH (valued at $113,000), leaving 114,822 pepecoin worth $574,000. This resulted in a profit of $663,000 with an ROI of 2651%.
The price of $PEPE has reached an all-time high again!
2 newly created wallets have withdrawn 182.7B $PEPE($3.1M) from #OKX in the past 40 minutes.https://t.co/KBx2mTy5SUhttps://t.co/aeSxN2JCz0 pic.twitter.com/1tAg3tg7PU
— Lookonchain (@lookonchain) May 27, 2024
Additionally, the trader spent $63,400 to purchase 7.15 million $JOE between November 13, 2023, and December 4, 2023. Holding the $JOE tokens until now, they have seen their investment grow to $174,000, yielding a profit of $110,000 with an ROI of 171%.
Making $2.42M(+867%) on $PEPE!
Making $663K(+2651%) on #pepecoin!
Making $110K(+171%) on $JOE!This smart money:
Spent $250K to buy 160.62B $PEPE on Dec 6, 2023 and Dec 7, 2023, then sold all $PEPE for 644 $ETH($2.42M) yesterday, making ~$2.17M, an ROI of 867%.
Spent $25K to… pic.twitter.com/U5oCORow5z
— Lookonchain (@lookonchain) May 27, 2024
These impressive gains underscore the potential profitability of strategic trading in the volatile cryptocurrency market. With $PEPE continuing to attract attention and investment, its future performance will be closely watched by traders and investors alike.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
