Whale Buys Large Amounts of ETH
Release: 2024/08/12 21:39 Reading: 770
Whale Activity in Ethereum and PEPE
Ethereum Whale's Strategic Accumulation
During the recent market downturn, a significant cryptocurrency investor acquired substantial amounts of Ethereum (ETH). The whale purchased ETH worth tens of millions of dollars, accumulating holdings exceeding $100 million.
According to blockchain tracker Lookonchain, an Ethereum address with the prefix "0x78D07" bought $4.7 million worth of ETH, bringing its total ETH holdings to over $100 million.
Since May 24, the whale has amassed 37,800 ETH at an average purchase price of $2,420, resulting in an unrealized profit of $7.5 million. This "intelligent money" whale has accumulated ETH worth $70 million since late May.
Whale's Profitable PEPE Transactions
While Ethereum purchases were significant, Lookonchain also reported that a different whale profited from the Ethereum-linked memecoin, PEPE. This whale capitalized on the market decline by selling its PEPE holdings, securing substantial profits.
The whale deposited 395.92 billion PEPE, equivalent to $3.4 million, into Binance, yielding a total profit of $5.06 million. This represents a 199% gain from PEPE, which is currently trading at $0.000008209 after a 4% daily decline.
Key Takeaways
- Whales often capitalize on market downturns to accumulate sizable holdings.
- A single whale amassed over $100 million in Ethereum.
- The whale's Ethereum purchases were made at an average price of $2,420.
- The whale secured an unrealized profit of $7.5 million.
- PEPE, a memecoin linked to Ethereum, also witnessed significant whale activity and profits.
These insights highlight the strategic maneuvers of large investors during market fluctuations, often yielding substantial returns.
Recent news
More>- Top 5 Crypto That Have Surpassed Their ATH In Recent Days! 11-26
- Best Wallet Soars Past $1M In Private Sale As Public Presale Starts Today For Web3 Wallet Built For 2024 Bull Run 11-26
- Massive PEPE Whale Sells 130 Billion Tokens: Price Faces Downward Pressure 11-25
- Pump.fun bot nets $6.8M profit with memecoin sniping success 11-25
- Singapore Gulf Bank Plans $50 Million for Stablecoin Payments 11-25
- From Meme to Millions: These 3 Altcoins Are Set to Outperform Shiba Inu With 5,000% Gains! 11-25
- DOGE and SOL Lead Crypto’s Bullish Trend With Record Gains 11-25
- PEPE Faces Crucial Resistance Amid Price Stagnation 11-25
- Solana Memecoin Bullish Pepe to Skyrocket 18,000% Before Exchange Listing, As Bonk and SHIB Drop 11-25
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Top 4 Altcoins At 70% Discounts – Last Chance!
- 8 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
- 9 Top Analyst Who Predicted Dogecoin (DOGE) Last 170x Rally Forecasts New Parabolic Rise, Here’s His Price Target
- 10 New Solana Memecoin Trump Loves Elon to Rally 15,000% Before Exchange Listing, SHIB and Bonk Crash
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com