A cryptocurrency whale known as Dimethyltryptamine.eth has also sold a large chunk of the memecoin PEPE altcoin holdings, sparking speculation among the crypto community.
An hour ago, the whale sold 180 billion PEPE tokens worth about $279,000 for 149.4 ether (ETH), according to Etherscan data.
The whale still has 2.07 trillion PEPE tokens in its wallet, worth about $3.24 million.
Whale Paid $251 For All PEPE Tokens
This whale is known to be one of the former investors of the memecoin PEPE.
In April of this year, when the coin was launched, it purchased 5.9 trillion PEPE tokens for just 0.125 ETH, or $251. It has since sold a total of 3.3 trillion PEPE tokens for 2,411 ETH, or $4.5 million, making a staggering profit of more than 17,000 times its initial investment.
The same whale sold PEPE last month, making a profit of approximately $110,000.
PEPE price is trading at $0.000001565 at the time of this writing and has lost approximately 0.67% in the last 24 hours.
*Not investment advice.
