{"id":20860,"date":"2025-01-10T07:18:14","date_gmt":"2025-01-10T07:18:14","guid":{"rendered":"https:\/\/peraltafinancing.com\/altcoin\/whale-deposits-427000000000-pepe-to-kraken-during-correction-to-lock-in-profits-lookonchain\/"},"modified":"2025-01-10T07:18:14","modified_gmt":"2025-01-10T07:18:14","slug":"whale-deposits-427000000000-pepe-to-kraken-during-correction-to-lock-in-profits-lookonchain","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=20860","title":{"rendered":"Whale Deposits 427,000,000,000 PEPE to Kraken During Correction To Lock In Profits: Lookonchain"},"content":{"rendered":"


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One savvy crypto trader and deep-pocketed investor is drawing attention for making huge profits trading meme token Pepe (PEPE<\/a>).<\/p>\n

Blockchain tracking firm Lookonchain says<\/a> an anonymous trader moved 427 billion Pepe tokens worth $8.5 million at the time of the transfer to US-based crypto exchange Kraken where the crypto trove could potentially be sold on the open market.<\/p>\n

Meanwhile, the whale continues to hold one trillion PEPE worth $18.4 million at the time, showing a profit of about $2 million.<\/p>\n

According to Lookonchain, the same trader just last month gained millions of dollars in profit by selling all his Pepe holdings during the initial stages of a December market correction. The sale came after the trader had accumulated more than one trillion Pepe tokens between March and September of 2024.<\/p>\n

The trader subsequently bought more than one trillion PEPE again in late December as the memecoin\u2019s price stabilized.<\/p>\n

Said<\/a> Lookonchain at the time,<\/p>\n

\u201cThis smart whale sold all his PEPE during the market drop on December 19th, making a total profit of $11.7 million on PEPE! Over the past six days, after the market decline, the whale accumulated 1.42 trillion PEPE ($24.5 million) again.\u201d<\/em><\/p>\n

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Source: Lookonchain\/X<\/figcaption><\/figure>\n

Pepe is trading for $0.000018 at time of writing, down 4.2% in the last 24 hours. With a market cap of $7.5 billion, Pepe is the 29th-largest crypto project.<\/p>\n

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