How This Crypto Whale Turned $3,000 to $73 Million ⋆ ZyCrypto
The post How This Crypto Whale Turned $3,000 to $73 Million ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement     A smart crypto trader has stunned the market with huge profits from Pepe coin (PEPE). This comes after the token consistently rose to new levels, hitting a new all-time high before a slight correction. After about 20 months of holding the assets, the trader turned $3K worth of PEPE into $73 million, to the community’s delight. On-chain data shows the trader made a total of 24,665% and moved several assets, raking in a profit as well as current holdings in the green zone. In April 2023, he bought $3K worth of PEPE, about 4.9 trillion tokens, before holding the asset across the steady climb. A Handful of Sales On multiple occasions, the trader sold part of his holdings. He ignited huge sales in May and continued them before a pause on May 8. However, offloads of huge assets spiked in February 2024 following the crypto market upturn. Institutional investors poured large amounts of assets into these funds after the United States Securities and Exchange Commission (SEC) approved spot Bitcoin ETFs. This led to a spike in Bitcoin price, hitting a new high above $73K before a correction. The jump in the market leader led to an altcoin and meme token rally, pushing meme coins to new highs. The total meme token market cap spiked above $70 billion, leading to sharp sales as traders looked to make gains. On Dec 10, the PEPE whale moved 100 billion tokens worth $2.8 million. Overall, the trader liquidated 3.03 trillion tokens for approximately $27.5 million and currently holds 1.88 trillion PEPE worth about $73 million. Advertisement   “Turning $3K into $73M, a 24,656x return, what a legend! Before the market plummeted, $PEPE broke through $0.000028, setting a new #ATH! This legendary trader sold another 100B $PEPE($2.8M) for profit. This trader invested…
Filed under: News - @ December 13, 2024 10:15 pm