Pepe Whale Profits Nearly $5 Million Despite Token’s Price Drop

Profitable Sale Despite Pepe Token Crash

A significant Pepe token whale has realized a substantial profit of approximately $5 million over a month, despite a token crash of more than 17% from its peak. The whale, with wallet address "0x546," sold 660.7 billion PEPE tokens for $9.52 million and transferred them to Binance. According to Lookonchain, this transaction generated a 52% return on investment (ROI). Post-transaction, the whale's wallet balance stands at only $161,449.

Analyst's Perspective: Wave 4 Uncertainty

Crypto analyst Davie Satoshi suggests that the current position of PEPE could be wave 4 within a larger wave 3. Wave 4 typically exhibits a triangle pattern and comprises a 23-30% correction. Satoshi emphasizes that wave 4 is notoriously difficult to diagnose and triggers confusion among investors. Protracted market uncertainty in the near future may indicate the presence of wave 4.

Risks and Rewards of Memecoins

Satoshi cautions that wave 4 is characterized by unpredictability, advising against trading during this period. Wave 4 encompasses diverse patterns and fluctuations, presenting challenges for investors to anticipate market shifts. Memecoins like Pepe present opportunities for significant gains, but also entail substantial risks. Investors should approach such investments cautiously, recognizing the volatility associated with them.

Current Market Status

PEPE currently trades at $0.00001432, with a 1.9% price decline as per Coinmarketcap data.

Additional Information Link

[source:Coinmarketcap](https://coinmarketcap.com/)