Massive Whale May Have Sold Half of Its Altcoin After Making Huge Profits
Cryptocurrency onchain data has revealed that a major whale may have sold an altcoin from which he made a large profit.
According to the data, the whale wallet with the short address 0x3c9E transferred 502.5 billion PEPE tokens worth $6.47 million to the cryptocurrency exchange Binance. However, the whale still holds 497.5 billion PEPE tokens worth $6.41 million.
Interestingly, this crypto whale made a profit of $7.47 million from PEPE in the last month alone, and the reason for the transfer may be profit realization.
However, the whale’s largest altcoin holding is not PEPE. The cryptocurrency whale, who currently has a total asset portfolio of $25 million, has $11.16 million worth of staked Ethereum. PEPE assets come in second, while USDC and USDT come in third and fourth with $6 million and $2 million, respectively.
The whale also has $426,000 worth of LINK tokens, which are relatively small amounts compared to his portfolio.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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