PEPE Whale Exits
One of PEPE’s early adopters made a huge profit of over $1.7 million by selling off all their tokens, resulting in a 54,725x gain in less than six months. The trader had bought 1.69 trillion tokens minutes after the project launched in April 2023 and sold off a portion before fully exiting, ultimately pocketing 1,001 ETH.
– The trader first sold 0.69 trillion tokens before fully exiting and liquidating 1 trillion PEPE, earning $885,000 or 537 ETH.
– The trader’s identity remains unknown due to the pseudonymous nature of Ethereum, where PEPE started trading through Uniswap v3.
– PEPE gained popularity and was listed on multiple exchanges, with support from Binance being a highlight.
– The token experienced a meteoric rise in early May, soaring 800%, but later crashed 81% to $0.0000008674 as of August 26.
– PEPE is available on Uniswap v2, but most trading occurs on Binance and KuCoin.
Meme Coin Trending, Team Transfers Tokens
PEPE is a top-trending token on CoinMarketCap and continues to attract attention. The whale who exited chose to do so via Uniswap v3, a decentralized exchange for trading multiple tokens on Ethereum. On August 25, the PEPE team transferred a large amount of tokens to several exchanges, including Binance, and made changes to the multisig parameters.
Hot Take
PEPE’s early success and volatility have made it an attractive investment for traders. However, the recent crash in its price raises concerns about its long-term sustainability. The transfer of tokens by the project’s team also raises questions about their intentions and future plans for PEPE. Investors should approach this meme coin with caution and be aware of its high risk and potential for extreme price fluctuations.
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