In a recent development, SpotOnChain has reported that a cryptocurrency whale has deposited a staggering 366 billion $PEPE tokens, which is equivalent to approximately $5.31 million, into Binance. This transaction has resulted in a jaw-dropping profit of $4.84 million for the whale, which is a remarkable return of 985% or 9 times the initial investment.
It is worth noting that this whale shares the same deposit address as two other intelligent traders who had previously earned a profit of $4.46 million, a remarkable return of 98%, from $PEPE operations just five days ago.
Moving on to the specifics, the first smart trader, identified on May 30, deposited a massive amount of 660.71 billion $PEPE tokens, worth $9.01 million, into Binance. This move was made amidst a 14% price decline in $PEPE within the past 24 hours. Interestingly, this trader had previously withdrawn $PEPE tokens from both Binance and MEXC in early May, incurring an estimated cost of $4.57 million. However, despite the market fluctuations, this strategic deposit resulted in a net worth of $4.44 million, an impressive 49.3% return in less than a month.
Following the footsteps of the first trader, the second intelligent trader also invested 660.71 billion $PEPE tokens, amounting to $9.01 million, into Binance on May 2. This transaction, similar to the previous one, was made after a 14% drop in $PEPE’s price over 24 hours.
These transactions shed light on the potential for multiplying the value of cryptocurrencies in the volatile market. As more and more people discover $PEPE, the strategies employed by these smart traders serve as valuable insights for maximizing profits.
Tags: Binance, PEPE