Selling accelerates after popular meme coin investors hit peak profitability By – , the 3rd largest meme coin , continued its upward trend by doubling its value this month.

PEPE’s impressive price performance in the last month has enabled the majority of its owners to turn a profit. According to IntoTheBlock data, more than 96% of PEPE holders became profitable after the last month’s rise. PEPE increased its value by 115% this month and also set a new record high at $0.000017256 .

Source: IntoTheBlock

What do billionaire investors invest in? InvestingPro has the answer! Use code WIN now and sign up for up to 20% off.

Profit sales at PEPE

PEPE, which reached its record level at the beginning of this week, started to decline with accelerated sales throughout the rest of the week. PEPE, which dropped to $0.00001388 in the first half of the day, recovered slightly with reaction purchases from the lower region after losing more than 20% of its value from its peak. PEPE, which has suffered daily losses of up to 3%, is currently trading at $ 0.0000145.

Crypto whale transferred nearly one trillion PEPE to Binance

Blockchain monitoring platform Lookonchain reported in its post on X that a significant amount of PEPE was transferred from an anonymous crypto wallet to Binance. Following this transfer, PEPE saw losses exceeding 10% before recovering today.

The major crypto investor reportedly sold his PEPE assets for approximately $9 million and made a 52% profit on the transaction, close to $5 million. The analysis platform that monitors the wallet account reported that the investor made this profit in less than a month.

On the other hand, in today’s downward momentum, it was seen that PEPE and other high-capitalization meme coins were among the top 100 losing altcoins. Among these assets, PEPE recovered rapidly, while and maintained their place in the rankings as the assets that fell the most today, with losses of nearly 10%.

Source link