PEPE Coin Whale Made Over $1 Million In One Hour

Also Read: US SEC Asked To Reply In 10 Days To Coinbase Complaint

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Meanwhile, the Crypto Market recovered slightly from recent losses after the US Federal Reserve announced a 25 bps target rate on expected lines. The Bitcoin price rose by over 2% in the last 24 hours, rising hopes of a jump above the $30,000 level.

Whale Exchanges All His Crypto For PEPE

On Thursday, on chain data showed that a crypto whale exchanged almost all assets for $PEPE Coin. Interestingly, the trades, which were made around 15 hours ago, cumulatively resulted in over $1 million worth profits.

“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.”

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Lookonchain informed that the buying price of $PEPE for the whale was ~$0.0000005533 and made a profit of approximately $1.23 million.

Also Read: OpenSea Ex-manager Convicted Of Money Laundering In NFT Insider Trading

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