Giant Whale Turned $26 Into $61.5 Million With This Altcoin Investment! But He Can't Sell It! Here's Why!

Coinbase and Robinhood List Popular Memecoin PEPE, Triggering Whale Activity

Coinbase and Robinhood, leading cryptocurrency exchanges in the United States, announced the addition of the popular memecoin, PEPE, to their platforms. This news has resulted in a significant rise in PEPE's value, surpassing 50% within the past 24 hours.

Whales Take Action

Along with the surge in PEPE's price, there has been increased activity among whales. Some whales have seized the opportunity to profit by selling their holdings, while others have continued to accumulate PEPE.

Whale Makes Massive Profit

One notable transaction was a whale depositing 500 billion PEPE, valued at $11.38 million, into Coinbase for sale. This whale had initially purchased 2T PEPE between May 6 and September 10, 2023, for a total of 1,173 Ethereum (ETH), valued at $2.04 million. With their current holdings of 1.5T PEPE, worth $36 million, the whale has realized a total profit of over $45 million.

Whale Accumulation Continues

Despite the market volatility, some whales remain optimistic about PEPE's potential. One such whale, identified as "0x160f...Ab5B," purchased 197.39B PEPE, worth $4.8 million, from Binance.

Smart Whale Turns $26 into $61.5 Million

A particularly impressive feat was achieved by a whale who invested a mere 0.013 ETH, approximately $26, in PEPE in April 2023. This initial investment has since skyrocketed to a staggering $61.5 million due to PEPE's remarkable growth.

Whale Blacklisted

Due to their extraordinary profits and ongoing refusal to sell, this particular whale has been blacklisted by PEPE's developers. This restriction prevents the whale from selling their PEPE tokens.

Disclaimer

This article does not constitute investment advice. Please conduct your own research before making any financial decisions.