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.

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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