Shiba

Pepe

Notable

Shiba Inu

Trillion

<ul class="news-points">
 <li>The market tilts toward utility in gaming tokens over meme coins.</li>
 <li>While SHIB’s growth suffered after the investment, MANA, SAND, and GALA’s showed promise.</li>
 <li>Notable Whale sells PEPE, profits $3.49M, and diversifies into SHIB, MANA, SAND, and GALA.</li>
</ul>
A notable whale investor recently made headlines by offloading <a href="https://coinedition.com/could-shib-be-the-next-in-line-after-pepe-delivered-178/?utm_source=telegram_channel&amp;utm_medium=referral" rel="noopener noreferrer nofollow">1.97 trillion PEPE tokens</a>. This move netted $3.49 million in profit, as per Lookonchain, a crypto sleuth.&nbsp;
The investor promptly redirected these funds into a diverse array of cryptocurrencies, notably SHIB (Shiba Inu), MANA (Decentraland), SAND (The Sandbox), and GALA. This decision underscores an understanding of market dynamics and a commitment to diversifying investment portfolios to harness growth opportunities in various crypto sectors.
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 A smart whale changed his position from <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$PEPE</a> to <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SHIB</a>, <a href="https://twitter.com/search?q=%24MANA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$MANA</a>, <a href="https://twitter.com/search?q=%24SAND&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SAND</a>, and <a href="https://twitter.com/search?q=%24GALA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$GALA</a>. The whale sold all 1.97T <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$PEPE</a>($6.07M) and made a profit of $3.49M. Then bought 75.9B <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SHIB</a>($893K), 1.6M <a href="https://twitter.com/search?q=%24MANA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$MANA</a>($1.07M), 2.43M <a href="https://twitter.com/search?q=%24SAND&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SAND</a>($1.48M) and 36.88M <a href="https://twitter.com/search?q=%24GALA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$GALA</a>($1.46M).<a href="https://t.co/TsQgABvjIt" target="_blank" rel="noopener noreferrer nofollow">https://t.co/TsQgABvjIt</a> <a href="https://t.co/PbWGVtOVOZ" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/PbWGVtOVOZ</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1763393410126532931?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">March 1, 2024</a>
 </blockquote>
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</figure>
Following this portfolio adjustment, the market witnessed notable shifts in…
The post <a href="https://coinedition.com/whale-dumps-2-trillion-pepe-coins-will-shiba-inu-hype-sink-pepe-prices/" rel="noopener noreferrer nofollow">Whale Dumps 2 Trillion Pepe Coins: Will Shiba Inu Hype Sink PEPE Prices?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Whale Dumps 2 Trillion Pepe Coins: Will Shiba Inu Hype Sink PEPE Prices?

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