Pepe Whale Investor Becomes Millionaire In Less Than 6 Months, Makes 10x Profit
Portfolio Pulse from Aniket Verma
A whale investor made a 10x profit by selling Pepe Coin (PEPE) after holding for nearly six months. The investor transferred 365.96 billion PEPE tokens worth $5.3 million to Binance, having initially withdrawn them when they were worth $494,000. Despite recent corrective action, long-term holders are accumulating PEPE, indicating bullish near-term prospects.
June 04, 2024 | 9:10 am
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NEUTRAL IMPACT
Pepe Coin (PEPE), an Ethereum-based memecoin, has shown significant gains but is currently experiencing corrective action.
While PEPE's performance can indirectly affect Ethereum's network activity, the immediate impact on ETH's price is neutral.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Binance facilitated a significant transaction involving 365.96 billion PEPE tokens worth $5.3 million, highlighting its role in major crypto trades.
The large transaction on Binance underscores its importance in the crypto trading ecosystem, likely boosting its trading volume and revenue.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80