Whale Converts PEPE Profits Into Bitcoin Amid Price Drop
A major PEPE coin investor has converted significant holdings into Bitcoin, capitalizing on Bitcoin’s price dip, data from on-chain analytics shows.
This transaction highlights the prevalent trend of investors switching from PEPE to Bitcoin, affecting market dynamics and prompting liquidity shifts.
Whale Nets $10 Million from PEPE Token Sales
The involved PEPE whale, originally acquiring 1.5 trillion PEPE tokens for around $2,184, has executed a strategic sale. This investor managed to earn over $10.3 million in profit, as tracked by Lookonchain.
According to reports, this whale disposed of 150 billion PEPE tokens and directed resources into Bitcoin amidst a market dip. The transaction was facilitated via major exchanges such as Coinbase and Binance.
