According to data provided by Lookonchain, a crypto whale recently sold a large amount of an altcoin during the widespread Bitcoin and altcoin crash.
The crypto whale sold all of his PEPE tokens on December 19, making a total profit of $11.7 million.
On the other hand, as the market decline seems to be over for now, the whale has made another move. According to Onchain data, the whale wallet has started accumulating PEPE again in the last six days and has purchased 1.42 trillion PEPE tokens, equivalent to a total of $24.5 million.
PEPE, the world's 25th largest altcoin and third largest memecoin, has lost around 8% in the last month. However, when the moves of the whale in question are examined, it is seen that he sold at a high price and collected tokens at a low price.
At the time of writing, the altcoin is trading at $0.00001762, with a market cap of $7.41 billion, and is about 37% off its all-time high price.
*This is not investment advice.
