A Whale investor made reports show that they have made a significant profit of 134,882%, or 1,348x, after selling 229 billion PEPE tokens. The On-chain Data Nerd first made the news public, displaying that the whale has been dumping PEPE shortly after the announcement from Binance to list the asset.

In April, the whale had bought 570.9 billion PEPE tokens when the asset first began trading publicly and after fifteen days, sold 50 billion tokens, but continued to hold on to the rest until now. This development then took a turn when Binance postponed its listing of PEPE and FLOKI, just an hour after they had announced it.

Data from CoinGecko speaks of the quick progress PEPE has made. It has seen an increase of 105% in the past 24 hours and an astonishing 1,112% in the past week, amassing it a market cap of $1.3 billion and a 24-hour volume of $925 million.

The whale is currently still holding to 291.9 billion PEPE tokens, which currently values them at $1.098 million. The address also holds 6.9 trillion BABYPEPE at a profit of $12,499 and 33.5 million MUSK at a loss of $22,379. Although it is still unknown for how much amount was the remaining 229 billion PEPE tokens sold.

Cryptocurrency's sudden heightened popularity of cryptocurrency has seen various investors looking at it as a possible alternative to the usual investments. The unprecedented success in returns that the whale made from their PEPE investment can be a testament to this. Cryptocurrency, however, is still a developing and high risk investment and investors should take caution in investing into any alternative asset other than what they know.



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