{"id":597356,"date":"2024-03-11T23:30:10","date_gmt":"2024-03-11T23:30:10","guid":{"rendered":"https:\/\/wncen.com\/?p=597356"},"modified":"2024-03-11T15:21:20","modified_gmt":"2024-03-11T15:21:20","slug":"pepe-whale-makes-8-13m-in-profit-as-bullish-rally-continues","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/pepe-whale-makes-8-13m-in-profit-as-bullish-rally-continues\/","title":{"rendered":"PEPE Whale Makes $8.13M In Profit As Bullish Rally Continues"},"content":{"rendered":"

Pepe coin (PEPE) has been showing an incredible performance alongside the rest of the crypto market. This weekend, the two biggest cryptocurrencies, Bitcoin and Ether, displayed remarkable price growth.<\/p>\n

BTC keeps reaching new all-time highs (ATH), and ETH surpassed the $4,000 mark for the first time in two years. Similarly, PEPE joined the party after hitting a new ATH over the weekend, which prompted whales to take profit on their bags.<\/p>\n

Related Reading: Pepe Coin Soars Over 250% \u2013 Will March Bring More Surprises?<\/a><\/div>\n

Whale Makes Big Profits After Price Surge<\/h2>\n

After its launch in April of last year, the frog-themed coin shook the crypto space and the memecoin market, becoming one of the most recognizable memecoins in the sphere.<\/p>\n

Despite the big start, PEPE’s price started fading<\/a> as the market turned its eyes to competitors like BONK and other Solana-based memecoins. However, the bull run has propelled the market prices to heights unseen since 2022, and PEPE has taken advantage of the bullish momentum.<\/p>\n

As reported by the blockchain analytics platform Lookonchain, a whale made over 431% in profits in just two weeks. The address shows that the trader withdrew over 1 trillion PEPE tokens from Binance in three transactions before the price skyrocketed.<\/p>\n

\n

In just 2 weeks, this trader made $8.13M(+431%) on $PEPE<\/a>!<\/p>\n

This trader deposited 196.18B $PEPE<\/a>($1.7M) to #Binance<\/a> for profits 4 hours ago, with 1T $PEPE<\/a>($8.31M) left.<\/p>\n

He withdrew 1.19T $PEPE<\/a>(cost ~$1.88M) from #Binance<\/a> before the price of $PEPE<\/a> increased.\u2026 pic.twitter.com\/FWZgIWcCYP<\/a><\/p>\n

— Lookonchain (@lookonchain) March 10, 2024<\/a><\/p><\/blockquote>\n