- Spot On Chain spotted a meme coin trader who deposited 500 billion PEPE on Binance in the past 10 days.
- The trader sold part of his holdings for a $3.39 million profit.
- PEPE has surged over 700% in the past three weeks after breaking out of a prolonged bear trend
According to Spot On Chain, a top cryptocurrency analytics platform, a meme coin smart trader deposited 500 billion PEPE, equivalent to $4.26 million, to Binance in the past 10 days. During this period, the trader made a profit of $3.39 million, with the meme coin still surging in price.
In the past 10 days of pump, #memecoin smart trader 0x522 deposited 500B $PEPE ($4.26M) to #Binance, making a $3.39M profit if selling!Notably, the trader:
• last moved out $PEPE an hour ago
• still holds 100B $PEPE ($1.05M)
• also has $900K in profits from $FLOKI & $SHIB… pic.twitter.com/siSDlHRpkP
— Spot On Chain (@spotonchain) March 14, 2024
Spot On Chain noted the trader moved a significant portion of his PEPE holdings earlier today but still holds 100 billion PEPE, worth $1.05 million. The same trader also made a $900,000 profit from holding FLOKI and SHIB, two meme coins from the Shiba Inu ecosystem.
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