Today, a cryptocurrency whale deposited 366 billion $PEPE tokens, which are equivalent to around $5.31 million, to Binance, as per the details provided by SpotOnChain. In this particular transaction, the whale was estimated to have made a profit of $4.84 million, which is 9 times the initial investment or 985% return.
Smart Trader Moves 660B $PEPE to Binance Amid 14% Price Dip
Notably, the whale’s deposit address is associated with two other active traders who recently reaped huge profits in $PEPE operations. Five days ago, these traders earned a total of $4.46 million, an impressive 98% return of investment.
The first smart trader was identified on May 30 when this trader deposited 660.71 billion $PEPE, equivalent to $9.01 million, in Binance. This move came after the price of $PEPE reduced by 14% in the past 24 hours. This trader had earlier pulled out the $PEPE tokens from Binance and MEXC in early May, an estimated to cost $4.57m. This strategic deposit despite every fluctuation in the market led to a net worth of $4.44 million, a 49.3% in under a month.
Smart Traders Reveal Profitable Strategies Amid $PEPE Market Volatility
Likewise, the second smart trader followed this pattern by investing another 660.71 billion $PEPE, equal to $9.01 million, in Binance on May 2. This transaction, like the previous one, occurred after $PEPE experienced a 14% drop in its price over 24 hours.
These transactions reveal that the value of cryptocurrencies in the unstable market can be multiplied. As more and more people discover $PEPE, the actions of those smart traders provide good information on how to make great profits.
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