The cryptocurrency market has been shaken by whale movements lately. A whale address, which made a profit of $ 3.49 million by liquidating PEPE coin projects on March 1, left the Binance exchange today and attracted attention.
The whale that made a profit with PEPE coin took action
The cryptocurrency market has been closely followed by the movements of whales lately. A remarkable development took place today. SHIB/MANA/SAND/GALA whale address, which made a profit of $3.49 million by liquidating PEPE tokens on March 1, left the Binance exchange today.
According to tracking by blockchain analyst @ai_9684xtpa, the whale address in question transferred 3.88 million MEME tokens 2 minutes before leaving Binance. The value of this transfer is approximately 1.61 million dollars. This was the fifth token that the whale traded by liquidating PEPE. The whale, which previously made a profit of $750,000 from SHIB, has increased the number of tokens it has sold for profit so far to five.
The whale’s latest movement raised questions among investors. While some experts think that the whale may be looking for a new investment, others believe that he invested in this token to benefit from MEME’s recent rise.
ARB whale transferred its assets to the stock market
On the other hand, according to Spot On Chain data, the whale address starting with 0x880 transferred 500,000 Arbitrum (ARB) tokens to the OKX exchange about 3 hours ago. The value of this transfer is approximately 1.01 million dollars. It is stated that the whale made a profit of $167,000 (20%) from this transfer. The news also states that the whale made profits not only from ARB but also from transactions such as ETH, RDNT and WLD, and its total profit is estimated to be 8.62 million dollars (earning percentage: 100%).
The whale’s recent movements show the volatility in the cryptocurrency market and that investors are constantly looking for new opportunities. Considering that such movements can affect the market, investors need to do their own research and act cautiously. As a result, it has become clear once again that whales play an important role in the cryptocurrency market and investors should follow these movements. Whale’s investment in MEME and profit from ARB could increase interest in these tokens. However, it is important for investors to do their own research and consider the risks before any investment decisions.
To be informed about the latest developments, follow us Twitter’in, Facebookin and InstagramFollow on . Telegram And YouTube Join our channel.