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<p>PEPE is down 9% today to trade around $0.0000082 at press time. This cool off comes after a huge rally of major meme coins in late February and earlier this month. However, one whale has managed to capitalize on the frenzy, closing a trade involving the PEPE meme coin and walking away with a staggering $3.36 million profit in just 10 days.</p>
<p><a href="http://platform.spotonchain.com/signal-details/whale-closed-pepe-deal-with-a-great-profit-53701" target="_blank" rel="noopener noreferrer nofollow">According</a> to SpotOnChain, one of the most popular on-chain analytics platforms, the whale 0xe60 deposited the remaining 500 billion PEPE tokens worth $4.13 million to OKX at $0.000008266 per token. This move marked the conclusion of a highly profitable trade that began earlier this month.</p>
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<p>SpotOnChain reported that the whale initially withdrew a total of 1.901 trillion PEPE from OKX at an average price of $0.000005727 on March 3, 5, and 10, 2024, with an estimated cost of $10.9 million. Over the next few days, the whale gradually deposited the tokens back to OKX at an average price of $0.000007496, amounting to $14.25 million.</p>
<p>If the transactions were indeed genuine buy and sell orders, the whale realized an estimated total profit of $3.36 million, representing a remarkable 30.9% return on investment in just 10 days.</p>
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   Explosion in Meme Coin Market; How to find potential successors to $BONK, $PEPE, and $WIF? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
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<p>While such substantial profits may be enticing, it is crucial for investors to exercise caution and conduct thorough research before engaging in any trading activities.</p>
<p>The crypto market remains highly unpredictable, and even whales can experience significant losses, as evidenced by the same whale’s previous trades involving WLD, BIGTIME, and RNDR tokens.</p>
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<p>The post <a href="https://captainaltcoin.com/meme-coin-whale-closes-massive-pepe-deal-with-huge-profit/" rel="noopener noreferrer nofollow">Meme Coin Whale Closes Massive PEPE Deal with Huge Profit</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Meme Coin Whale Closes Massive PEPE Deal with Huge Profit

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