Pepe Coin: Whale Nabs 8x Profit As Price Sustains Momentum To New ATH

Pepe Coin Surges to Record Highs, Whale Profits Amidst Market Optimism

Pepe Coin, the recently trending cryptocurrency, has defied market expectations by reaching unprecedented levels. Its price has experienced a remarkable upward trajectory, with a surge of nearly 38% in the past week. This has instilled a wave of optimism in the market, propelling PEPE to a new all-time high (ATH) of $0.00001097, surpassing yesterday's record-breaking level.

Whale Profits from Pepe Coin's Rally

Coinciding with PEPE's price surge, a whale has been identified as making substantial profits. Data from on-chain analytics platform Spotonchain reveals that a whale address (0xe7d0) has accumulated approximately $13.9 million in the past three months.

Despite not being an early buyer of PEPE, the whale purchased 1.40 trillion PEPE for $1.56 million USDT between December 2023 and February 2024. Subsequently, the whale sold 140.4 billion PEPE for 1.75 million DAI when the coin reached its ATH yesterday, recovering the initial investment.

The whale currently holds 1.26 trillion PEPE, valued at $13.9 million, representing a significant profit. Notably, PEPE has faced increased selling pressure during its rally but has continued to rise in value.