Diamond

PEPE

Shiba Inu

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<p lang="en-GB" xml:lang="en-GB">Crypto whale tracker and analytics account on X @lookonchain spread the word about a mysterious cryptocurrency whale, a “diamond hand” one, who disposed of a <a href="https://u.today/epic-9-trillion-pepe-leave-top-exchange-whats-happening" rel="noopener noreferrer nofollow">massive PEPE chunk</a> several hours ago.</p>
<p lang="en-GB" xml:lang="en-GB">That whale had held those PEPE coins for almost a year and has now made a massive return on his investment into this meme coin.</p>
<h2 id="selling-billions-of-pepe-with-huge-roi">Selling billions of PEPE with huge ROI</h2>
<p lang="en-GB" xml:lang="en-GB">The aforementioned PEPE diamond hand transferred 170.2 billion of these hyped meme coins to a cryptocurrency exchange where he sold them, earning $1.77 million. The ROI on this investment was a whopping 886%, according to the tweet.</p>
<p lang="en-GB" xml:lang="en-GB">@Lookonchain shared that at the end of October last year, this trader purchased the 107.2 billion PEPE, spending 200,000 USDC on that purchase. He held it until today.</p>
<blockquote>
 <p lang="en" dir="ltr">A <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PEPE</a> Diamond Hand sold 170.2B <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PEPE</a> for 1.97M <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$USDC</a> 1 hour ago, making $1.77M, with an ROI of up to 886%!He spent only 200K <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$USDC</a> to buy 170.2B <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PEPE</a> on Oct 26, 2023 and held it.Address:<a href="https://t.co/CgRvoC8EF2" rel="noopener noreferrer nofollow">https://t.co/CgRvoC8EF2</a> <a href="https://t.co/mhMSbpHLCl" rel="noopener noreferrer nofollow">pic.twitter.com/mhMSbpHLCl</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1816441367096443231?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 25, 2024</a>
</blockquote>
<h2 id="pepe-coin-plummets-11">PEPE coin plummets 11%</h2>
<p lang="en-GB" xml:lang="en-GB">Over the last 24 hours, the hyped meme cryptocurrency PEPE has seen a striking decline, losing almost 12% after a 10.76% increase on Wednesday. By now, PEPE has lost the $0.00001293 price mark and <a href="https://www.tradingview.com/symbols/PEPEUSDT/" rel="noopener noreferrer nofollow">crashed to hit $0.00001141</a>.</p>
<p lang="en-GB" xml:lang="en-GB">PEPE emerged out of the blue in April last year, created by a team of anonymous developers. Unlike other popular meme coins, this one was inspired not by Shiba Inu dogs but by Pepe the Frog, a meme popular on the internet.</p>
<h2 id="pepe-s-utility-remains-at-zero">PEPE's utility remains at zero</h2>
<p lang="en-GB" xml:lang="en-GB">Many pointed out that PEPE had zero utility and still has none. However, the meme coin seems to have a high appeal among short-term investors and traders as they continue to actively buy it and then sell PEPE after holding it for a while.</p>
<p lang="en-GB" xml:lang="en-GB">No updates have been made to PEPE, unlike other popular meme cryptocurrencies, such as Dogecoin, <a href="https://u.today/shib-devs-super-busy-shiba-inu-team-reveals-something-cooking" rel="noopener noreferrer nofollow">Shiba Inu</a>, Floki or BabyDoge, since its anonymous team stopped working on PEPE after launching it on the market last year. Therefore, it remains a speculative investment tool for many cryptocurrency traders.</p>

170.2 Billion PEPE Dumped by Diamond Hand Whale With Massive Profit

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