$PEPE Hits New All-Time High As Smart Money Capitalizes On Gains

$PEPE, the popular Ethereum-based memecoin, has surged another 6% in the past 24 hours, reaching a new all-time high (ATH) of $0.00001717. According to data from intotheblock, a remarkable 96.36% of $PEPE holders are now in profit, highlighting the token’s strong market performance.

In the past few hours, two newly created wallets withdrew 182.7 billion $PEPE (approximately $3.1 million) from OKX as the token hit its ATH.

Additionally, over the past five days, a whale withdrew 1.323 trillion $PEPE from Binance at an average cost of $0.00001378, amounting to an estimated $18.2 million. With the recent price surge, this whale’s holdings are now worth around $22.1 million, representing a 21% increase.

A savvy trader, often referred to as “smart money,” made substantial gains from $PEPE. This trader spent $250,000 to acquire 160.62 billion $PEPE on December 6 and 7, 2023. The trader then sold all their $PEPE holdings for 644 ETH (valued at approximately $2.42 million) yesterday, realizing a profit of about $2.17 million and achieving a return on investment (ROI) of 867%.

More Profits In PEPECOIN And $JOE By Same Whale Trader 

Moreover, the same trader made significant profits with pepecoin and $JOE. They invested $25,000 to buy 139,822 pepecoin on December 6, 2023, and subsequently sold 25,000 pepecoin for 30.27 ETH (valued at $113,000), leaving 114,822 pepecoin worth $574,000. This resulted in a profit of $663,000 with an ROI of 2651%.

Additionally, the trader spent $63,400 to purchase 7.15 million $JOE between November 13, 2023, and December 4, 2023. Holding the $JOE tokens until now, they have seen their investment grow to $174,000, yielding a profit of $110,000 with an ROI of 171%.

These impressive gains underscore the potential profitability of strategic trading in the volatile cryptocurrency market. With $PEPE continuing to attract attention and investment, its future performance will be closely watched by traders and investors alike.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Via: https://themerkle.com

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