Price: $0.38548 -8.722%
Market Cap: 56.58B 1.9422%
Volume (24h): 18.84B 0.4%
Dominance: 1.9422%
Price: $0.38548 -8.722%
Market Cap: 56.58B 1.9422%
Volume (24h): 18.84B 0.4%
Dominance: 1.9422% 1.9422%
  • Price: $0.38548 -8.722%
  • Market Cap: 56.58B 1.9422%
  • Volume (24h): 18.84B 0.4%
  • Dominance: 1.9422% 1.9422%
  • Price: $0.38548 -8.722%
Home > Information news > Whale Invests Heavily in Ethereum and PEPE

Whale Invests Heavily in Ethereum and PEPE

Release: 2024/08/12 22:06 Reading: 463

Original author:COINTURK NEWS

Original source:https://coinmarketcap.com/community/articles/66ba0d09dcf0606979500a94

Whale Makes Significant Investments in Ethereum and PEPE

During periods of cryptocurrency market declines, the actions of whales are closely monitored. Whales often capitalize on these downturns, presenting opportunities for savvy investors. Notably, a whale has recently shown keen interest in Ethereum and PEPE, making significant purchases.

Ethereum Whale Accumulates ETH

A whale seized the weekend price decline as a buying opportunity. The whale amassed tens of millions of dollars worth of Ethereum (ETH).

Lookonchain, a leading blockchain monitoring company, reported that an Ethereum address beginning with "0x78D07" purchased ETH valued at $4.7 million on Friday. Their total ETH holdings now exceed $100 million.

"This whale has accumulated 37,800 ETH ($99 million) at an average purchase price of $2,420 since May 24 and currently has an unrealized profit of $7.5 million," Lookonchain stated.

Another "intelligent money" whale with a proven track record has accumulated ETH worth $70 million since late May, Lookonchain revealed.

On-chain data indicates that the whale's ETH purchases were made through Binance, the world's largest cryptocurrency exchange.

"

As of this writing, Ethereum was trading at $2,595, down over 3% in the past 24 hours.

Whale Profits from PEPE Memecoin

Lookonchain also identified a major investor who profited from an ETH-based memecoin called PEPE.

The firm reported that a whale took advantage of the market downturn to sell its remaining PEPE and realize a significant profit.

"The whale deposited all of its remaining 395.92 billion PEPE ($3.4 million) into Binance hours ago. The whale made a total profit of $5.06 million (+199%) from PEPE," Lookonchain stated.

At the time of this writing, PEPE continued to trade at $0.000008209, down 4% from the previous day.

Selected Topics

  • Dogecoin whale activity
    Dogecoin whale activity
    Get the latest insights into Dogecoin whale activities with our comprehensive analysis. Discover trends, patterns, and the impact of these whales on the Dogecoin market. Stay informed with our expert analysis and stay ahead in your cryptocurrency journey.
  • Dogecoin Mining
    Dogecoin Mining
    Dogecoin mining is the process of adding new blocks of transactions to the Dogecoin blockchain. Miners are rewarded with new Dogecoin for their work. This topic provides articles related to Dogecoin mining, including how to mine Dogecoin, the best mining hardware and software, and the profitability of Dogecoin mining.
  • Spacex Starship Launch
    Spacex Starship Launch
    This topic provides articles related to SpaceX Starship launches, including launch dates, mission details, and launch status. Stay up to date on the latest SpaceX Starship launches with this informative and comprehensive resource.
  • King of Memes: Dogecoin
    King of Memes: Dogecoin
    This topic provides articles related to the most popular memes, including "The King of Memes: Dogecoin." Memecoin has become a dominant player in the crypto space. These digital assets are popular for a variety of reasons. They drive the most innovative aspects of blockchain.