Giant Whale Sells Last Altcoins After Market Rally, Profiting 100,000x on This Altcoin

Whale Sells Last Altcoins After Market Rally

According to data from cryptocurrency data provider Lookonchain, a major crypto whale made a significant sale in the PEPE altcoin following the market surge that pushed Bitcoin above $100,000.

The whale, an early investor in PEPE, sold its remaining 2.61 trillion tokens for approximately $4.15 million on the Kraken exchange. The tokens were initially purchased for $70 (0.035 ETH).

Despite selling prior to the price peak, the whale still realized a significant profit. The initial investment has grown to over $7 million, representing a 100,000x return.

PEPE has experienced a 150% increase in price over the past month, highlighting the volatility of the altcoin market.

Note: This article provides factual information and does not constitute investment advice.