Crypto analytics platform Lookonchain reported that a mysterious whale investor bought 4.23 trillion PEPE tokens ($15.6 million) using 422 ETH and 200,000 USDC, before sending them all to the Binance exchange.
This only bought a 4.23T giant whale $PEPE ($15.6 million) 422 $ ether ($871K) and 200K $USDC let all $PEPE big #Binance 30 minutes ago.
His average purchase cost was $0.0000002535 and his profit is now about $14.5 million!
He may sell after the market opens, paying attention to price changes. ⚠️ pic.twitter.com/7UoNYG9PJb
— Lookonchain (@lookonchain) May 5, 2023
The mystery whale’s PEPE tokens were purchased for a very low price of $0.0000002535, with a current profit margin of around $14.5 million. However, despite the impressive gains, Lookonchain advises investors to beware of price changes and sell after Binance opens.
The meme-inspired PEPE token has seen incredible value growth. In just 7 days, the price of PEPE has increased by an impressive 10.005%, bringing its market cap to over $1.56 billion. PEPE is currently ranked 41 and attracts many traders and investors.
However, concerns surrounding the speculative nature of PEPE remain and investors should proceed with caution. At the time of writing, PEPE is trading at $0.00000349, up slightly from where it was trading the previous day.
Investing in cash flow and attention to Pepe shows positive sentiment towards the meme-inspired token. However, as with all investments, it is important to conduct thorough research before investing and to keep an eye on market trends to avoid possible unfortunate losses.
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according to Kyptos