PEPE Whale Makes $8.13M In Profit As Bullish Rally Continues
Pepe coin (PEPE) has been showing an incredible performance alongside the rest of the crypto market.
This weekend, the two biggest cryptocurrencies, Bitcoin and Ether, displayed remarkable price growth.
BTC keeps reaching new all-time highs (ATH), and ETH surpassed the $4,000 mark for the first time in two years.
Similarly, PEPE joined the party after hitting a new ATH over the weekend, which prompted whales to take profit on their bags.
Related Reading: Pepe Coin Soars Over 250% – Will March Bring More Surprises? Whale Makes Big Profits After Price Surge After its launch in April of last year, the frog-themed coin shook the crypto space and the memecoin market, becoming one of the most recognizable memecoins in the sphere.
Despite the big start, PEPE’s price started fading as the market turned its eyes to competitors like BONK and other Solana-based memecoins.
However, the bull run has propelled the market prices to heights unseen since 2022, and PEPE has taken advantage of the bullish momentum.
As reported by the blockchain analytics platform Lookonchain, a whale made over 431% in profits in just two weeks.
The address shows that the trader withdrew over 1 trillion PEPE tokens from Binance in three transactions before the price skyrocketed.
In just 2 weeks, this trader made $8.13M(+431%) on $PEPE! This trader deposited 196.18B $PEPE($1.7M) to #Binance for profits 4 hours ago, with 1T $PEPE($8.31M) left.
He withdrew 1.19T $PEPE(cost ~$1.88M) from #Binance before the price of $PEPE increased….