Release: 2024/12/28 01:09 Reading: 210
Whale Activity in the Altcoin Market
Cryptocurrency analytics firm Lookonchain has revealed a significant sale of an altcoin by a crypto whale during the recent market crash. On December 19, the whale sold their entire holdings of PEPE tokens, realizing a profit of $11.7 million.
However, with the market showing signs of recovery, the whale has initiated another move. Onchain data indicates that the whale's wallet has accumulated 1.42 trillion PEPE tokens over the past six days, an investment totaling $24.5 million.
PEPE, ranked 25th among altcoins and third among memecoins, has experienced an 8% decline in value over the past month. However, the whale's actions suggest they sold at a peak and are now acquiring tokens at a discounted price.
Currently, PEPE trades at $0.00001762, with a market capitalization of $7.41 billion. It is approximately 37% below its all-time high.
Disclaimer: This article does not constitute investment advice.
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