Meme token PEPE has become one of the most volatile and profitable assets in the cryptocurrency market in recent months.
However, the recent behavior of the whales of the altcoin in question attracts the attention of analysis companies.
Arkham, a blockchain analytics platform, shared some information about PEPE's whales.
According to Arkham, only a few traders had the courage and foresight to accumulate PEPE at its lowest levels from June 10 to June 20.
Arkham Examines Three Whales That Have Recently Bought PEPE
One of these traders, identified by the address 0xB8c, earned over $400,000 from the first period of PEPE in April and May and decided to reinvest his profits on June 17.
He then traded PEPE's moves to sell high and buy low, making another $399,000 profit. He currently holds $595,000 worth of PEPE, as well as another $225,000 meme token, UNIBOT.
Another trader using OKX as the main exchange bought around $400,000 worth of PEPE on June 11 and pulled it into his cold wallet. Since then, he has only invested $52,000 of PEPE back into OKX and kept the rest in his wallet. The whale's PEPE stash is currently worth around $700,000, representing a 70% increase.
However, PEPE's largest and most impressive whale is 0x697, which has amassed almost $1.3 million worth of PEPE with maximum credibility from June 10 to June 21. So far it has not sold any of its PEPEs and held its tokens even during the peak of the rally. He currently has $2.45 million worth of PEPE in his account, making him a millionaire thanks to this meme token.
*Not investment advice.