Whale Who Made $68 Million Profit on PEPE Started Collecting a New Altcoin!

While the cryptocurrency market started the new week with significant activity, a prominent PEPE whale has shifted their attention to a different altcoin.

According to a report by on-chain data platform Spot on Chain, the PEPE whale recently sold 74.07 billion Pepe Coins for 448.1 ETH, valued at $1.53 million.

Within the last three days, the same whale also sold 130.2 billion PEPE, netting $2.71 million for 891 Ethereum (ETH).

This substantial sell-off created market volatility, but the whale's $68.3 million profit, representing a 12.6x return, has captured the market's attention.

Despite the massive sale, the PEPE whale still holds 3.241 billion PEPE with a profit of $68.3 million (12.6x).

Following the PEPE sale, the whale focused on acquiring EIGEN, purchasing 217,348 EIGEN for 181.3 ETH over the past two days.

Currently, the whale holds 1.608 million EigenLayers (EIGEN), valued at $4.31 million. This represents an 11% profit.

While PEPE has experienced a 1.7% decline in the past 24 hours, EIGEN has risen by 5.9% and is currently trading at $3.02.

https://twitter.com/spotonchain/status/1860877829065572676

*This information is not intended as investment advice.