A large holder of the memecoin PEPE has made a profit of nearly $5 million within a month, despite the token’s price dropping over 17% from its all-time high.
PEPE Whale Scores Big with $5M Profit A savvy investor, known as a whale in the cryptocurrency world, has earned $4.95 million in just one month from their investment in the PEPE token. This represents a 52% return on their initial investment, even though PEPE’s price has fallen over 17% from its peak.
According to a May 30 post by Lookonchain on X (formerly Twitter), the whale moved all their PEPE holdings into a Binance wallet:
“In the past 10 minutes, a whale deposited all 660.7B $PEPE ($9.52M) bought a month ago into Binance, making ~$4.95M, with an ROI of 52%.”
The significant profit raises the question of whether PEPE’s price can continue to rise with another potential wave of interest from retail investors.
Summary Review: The impressive $5 million profit achieved by the PEPE whale within a month underscores the potential for substantial returns in the volatile world of memecoins. Despite a significant price drop from its all-time high, the whale’s strategic investment and timely move to Binance highlight the opportunities and risks inherent in this market. As retail interest potentially surges, it remains to be seen if PEPE’s price will rebound or face further fluctuations.
Disclaimer: Remember that nothing in this article and everything under the responsibility of Web30 News should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves inherent risks and potential investors should be aware that capital is at risk and returns are never guaranteed. It is imperative that you conduct thorough research and consult with a qualified financial advisor before making any investment decision.
