PEPE Coin Whale Made $1.23 Million In One Hour

05/04 11:51

A crypto whale exchanged almost all of their assets for PEPE Coin, a new memecoin that has seen massive demand in the past week. The trades, made around 15 hours ago, resulted in over $1 million worth of profit. The whale exchanged 20.62 WBTC worth $590,000, 17 billion CULT worth $90,000, 44,194 UNI worth $235,000, and 19.96 ETH worth $37,000 for 1.72 trillion PEPE worth $2.19 million currently. The buying price of PEPE for the whale was around $0.0000005533, resulting in a profit of approximately $1.23 million. Meanwhile, the crypto market has recovered slightly from recent losses, with the Bitcoin price rising by over 2% in the last 24 hours, raising hopes of a jump above the $30,000 level after the US Federal Reserve announced a 25 bps target rate on expected lines.

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