A cryptocurrency whale that has made a fortune from the PEPE meme token has bought other meme coins over the past week.
Using the address 0x1f4b…, the anonymous whale made over $16 million by selling PEPE tokens at the height of the meme token craze in April. He then invested most of his profits in another meme token, TURBO.
According to DeBank data, the whale currently holds 1.38 billion TURBO tokens, which is worth approximately $1.15 million at the current price of $0.00072.
He bought the first batch of TURBO on May 3, just before the token soared to an all-time high of $0.002739. Today he added more TURBOs to his portfolio and spent $100,000 on the bottom.
Whale's TURBO assets make up 93% of its portfolio, which includes USDC and two other meme tokens: BOBOA and LORDS.
Whale purchased 8.8 billion BOBOA tokens for $1,937.57 on May 6.
Meme tokens are highly speculative and risky assets that can result in significant losses or scams. They are not regulated or approved by any authority or organization. It also purchased 817 million LORDS tokens on May 11.
Meme tokens are highly speculative and risky assets that can result in significant losses or scams.
*Not investment advice.
