As we recently reported as a last-minute development, the world’s leading exchange Binance announced that it will list the popular meme coin of the last days, PEPE, together with Floki Inu. This announcement has mobilized whales, who are considered deep-pocketed investors.
A whale address, which received 570 billion PEPE last month, put 229 billion tokens on sale after the announcement. The data shows that the address made a profit of 134,882% from its PEPE investment and still holds 291.9 billion tokens in balance.
The development in question was published by On-chain Data Nerd, a Twitter-based data analytics account. shared. The account noted that the whale tossed 150 billion PEPEs, but data from Etherscan shows that the sale continued after the share and has now reached 229 billion tokens.
Details of the Transaction
The whale’s sale process began an hour after Binance announced the listing.
Last Minute: Binance Confirms Floki Inu and PEPE Listings! Prices Jumped!
According to data released by The On-chain Data Nerd, the whale made 134882% profit after selling 150 billion tokens, which corresponds to $485,577. There is limited information on profits from other sales transactions. The whale currently has a balance of 291.9 billion PEPEs, worth $1,098 million as of press time.
PEPE is a meme coin that has become popular recently and is considered a high-risk investment by most investors. The whale’s meme coin sale is actually not surprising. PEPE had a pretty big price increase, even if the account in question was a whale, it may have wanted to take a profit.
Whale also has 6.9 trillion BABYPEPE with a profit of $12,499 and 33.5 million MUSK at a loss of $22,379.
You can follow the current price action here.
Source : the crypto basic