According to data shared by cryptocurrency data provider Lookonchain, as the Bitcoin price rose above $100,000 and the cryptocurrency market took off, a crypto whale also got into action.
The cryptocurrency whale, one of the earliest investors in the PEPE memecoin, made a huge sale in this altcoin after the rise.
According to the data, the crypto whale in question sold the last remaining batch of 2.61 trillion PEPE tokens, which he bought for only 0.035 ETH, or $70, by sending them to the cryptocurrency exchange Kraken. The value of the PEPE that the whale initially purchased is $57 million at the time of writing. On the other hand, in his last sale, he sold 189.4 billion PEPE tokens worth $4.15 million.
Although the whale wallet has not been able to fully reap the benefits of its early investment with its early sales, it has made a total profit of approximately 100,000x from its initial $70 investment, and the total profit amount has been recorded as $7 million.
PEPE price has increased by 150% in the last month.
*This is not investment advice.