A major memecoin investor known as thegreatmando.eth has withdrawn 635 billion PEPE tokens ($1 million) from Binance, the world's largest crypto exchange by volume.
According to Whale Alert, a service that tracks major crypto transfers, the withdrawal took place minutes ago. PEPE price is trading at $0.000001555 at the time of this writing.
Other Whales Have Successfully Made Altcoin Transactions
In addition, other cryptocurrency whales also made interesting transactions in different altcoins during the day.
Cumberland, a leading crypto trading firm and a subsidiary of DRW Holdings, has invested a total of 20,600 ETH ($38 million) in Binance and Coinbase, two of the most popular crypto platforms in the US.
The deposit took place 15 hours ago when the ETH price was around $1,850. However, after the ETH price dropped to $1,850, Cumberland pulled 9,700 ETH ($18 million) from exchanges, possibly taking advantage of the price drop.
Another smart whale made an impressive profit by trading in decentralized finance (DeFi) tokens. It pulled 120,871 AAVE ($8.33 million), 11,676 MKR ($7.98 million) and 25,982 COMP ($1.12 million) from various exchanges in the past day.
Average withdrawal prices for these tokens were $69 for AAVE, $684 for MKR and $46 for COMP.
He sold all 25,982 COMPs ($1.65 million) on July 3 for $63, making $447,000. He then made $1 million on July 6 by selling 3,666 MKR ($3.54 million) at $966, currently holding MKR 8,010 ($7.93 million) and unrealized profit of $2.46 million.
*Not investment advice.
