Crypto Whale Deposits 254B PEPE on Binance, Makes $4.81M Profit

Crypto Whale Makes $4.81 Million Profit from Pepe Coin

On Twitter, the crypto whale "degentradingLDS" made a staggering $4.81 million profit by depositing 254.65 billion Pepe (PEPE) coins (approximately $5.15M) into the Binance exchange.

Spot On Chain, an on-chain analytics firm, emphasized this significant whale activity, indicating an opportune time for meme coin trading.

The whale's $4.81 million profit has garnered attention from investors. Despite liquidating some of their PEPE holdings, the whale retains a significant portion of the meme coin.

Currently, the whale holds 430 billion PEPE tokens, valued at $8.13 million. Of this, $7.74 million represents unrealized profits, equating to an impressive 13x return on investment.

The whale also owns 3.96 million Dogecoin, valued at $1.6 million. This could yield an unrealized profit of $1.5 million, marking a 15x return on investment.

Additionally, the whale holds 2.5 million LDO tokens, worth $4.12 million. The unrealized profit of 9.5% on this investment amounts to $432,000.

Despite this downturn, the whale remains undeterred, continuing to acquire LDO based on its long-term potential.

Recent market events have led to a shift in crypto whale investment strategies, with meme coins like PEPE experiencing capital outflows toward altcoins, evident in DOGE and LDO.

This whale activity change may reflect broader market sentiment as crypto traders diversify their portfolios toward assets with stronger fundamentals and utility-based value propositions.

At the time of writing, Pepe traded at $0.00001823, down 1.90% in the past 24 hours. Its trading volume declined by 13.10% to $2.64 billion, while its market capitalization dropped to $7.67 billion.