In an impressive move, a cryptocurrency whale recently deposited a staggering 366 billion $PEPE tokens, equivalent to approximately $5.31 million, into the popular exchange Binance. This transaction resulted in a remarkable profit of $4.84 million for the whale, representing a 985% return on their initial investment.
It is worth noting that this whale shares the same deposit address as two other astute traders who also made substantial profits from $PEPE trades. Just five days ago, these traders earned a combined profit of $4.46 million, achieving a remarkable 98% return on investment.
The first smart trader, identified on May 30, deposited a whopping 660.71 billion $PEPE tokens, equivalent to $9.01 million, into Binance. This move was made following a 14% decrease in the price of $PEPE within a 24-hour period. It is interesting to note that this trader had previously withdrawn the $PEPE tokens from both Binance and MEXC in early May, incurring an estimated cost of $4.57 million. Despite the market fluctuations, this strategic deposit ultimately resulted in a net worth of $4.44 million, representing a 49.3% return in less than a month.
Similarly, the second smart trader followed suit by depositing an additional 660.71 billion $PEPE tokens, equal to $9.01 million, into Binance on May 2. This transaction occurred after $PEPE experienced a 14% price drop over a 24-hour period.
These transactions serve as a testament to the potential for multiplying the value of cryptocurrencies in the volatile market. As more individuals discover $PEPE, the actions of these smart traders provide valuable insights into profitable strategies for maximizing gains.
Tags: Binance, PEPE