- The market tilts toward utility in gaming tokens over meme coins.
- While SHIB’s growth suffered after the investment, MANA, SAND, and GALA’s showed promise.
- Notable Whale sells PEPE, profits $3.49M, and diversifies into SHIB, MANA, SAND, and GALA.
A notable whale investor recently made headlines by offloading 1.97 trillion PEPE tokens. This move netted $3.49 million in profit, as per Lookonchain, a crypto sleuth.
The investor promptly redirected these funds into a diverse array of cryptocurrencies, notably SHIB (Shiba Inu), MANA (Decentraland), SAND (The Sandbox), and GALA. This decision underscores an understanding of market dynamics and a commitment to diversifying investment portfolios to harness growth opportunities in various crypto sectors.
A smart whale changed his position from $PEPE to $SHIB, $MANA, $SAND, and $GALA.The whale sold all 1.97T $PEPE($6.07M) and made a profit of $3.49M.
Then bought 75.9B $SHIB($893K), 1.6M $MANA($1.07M), 2.43M $SAND($1.48M) and 36.88M $GALA($1.46M).https://t.co/TsQgABvjIt pic.twitter.com/PbWGVtOVOZ
— Lookonchain (@lookonchain) March 1, 2024
Following this portfolio adjustment, the market witnessed notable shifts in…
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