A cryptocurrency whale has made over $500,000 profits in one month trading meme tokens, according to a new analysis of wallet activity.
The anonymous trader has been buying and selling various meme tokens since April 2023, taking advantage of the hype and volatility in the market.
Here is his wallet…
REFUND (RFD)
Currently, the largest altcoin in the whale's wallet has been observed as the meme token REFUND (RFD), which has been heard recently. According to the data, 30% of the whale's wallet consists of RFD tokens, and the whale earned $350,000 with a 400% profit from these tokens.
PEPE
Whale is also an early buyer of PEPE, another meme token inspired by popular internet character Pepe the Frog. Whale first purchased PEPE on April 15. The whale, which exited PEPE after making slight profits, has returned to hoarding tokens since May 15.
Whale wallet made $250,000 profit with 3,000% profit from PEPE trading.
WOJAK
The whale's last major transaction was recorded as the WOJAK meme token. The whale, which first purchased on April 18, has sold the majority of these tokens and currently only has $3,000 in WOJAK. Whale wallet raised $95,000 with 900% profit from WOJAK tokens.
In addition, the whale account has opted for anime-themed meme tokens such as NARUTO and HOKAGE in its recent purchases.
It should be reminded, however, that the meme token part of the already high-risk cryptocurrency trading involves extra-high risk, and it is necessary to be careful to avoid scams with pump-dump schemes.
*Not investment advice.
