A skilled Ethereum (ETH) whale made over 10X in gains on Pepecoin (PEPE), according to on-chain data-tracking firm Lookonchain.
Lookonchain reports that an Ethereum whale that nicknamed itself “BlackRock Fund” flipped $244,000 into over $2.63 million trading PEPE.
“BlackRock Fund bought 1 trillion PEPE ($244,000 at that time) at an average price of $0.0000002431 on April 21, and sold all 1 trillion $PEPE ($2.63 million at that time) at an average price of $0.000002627 on May 5.
The profit is ~$2.39 million (10x).”
Now, Lookonchain says that the mysterious entity has withdrawn most of its PEPE bag from Binance, for reasons unknown.
“We noticed that BlackRock Fund withdrew 1.27 trillion PEPE ($1.98 million) from Binance to four addresses…
And BlackRock Fund made $2.39 million (10x) on PEPE before!”
Lookonchain recently reported another trader on the Ethereum network that made big gains on PEPE, and then reinvested them back into PEPE on its current price dip. On-chain data shows the entity selling their ETH for more PEPE on decentralized crypto exchange Uniswap (UNI).
“A Smart Money who made 1,219 ETH ($2.2 million) on PEPE spent 1,173 ETH ($2.1 million) to buy 1.33 trillion PEPE again… The buying price is $0.000001586.
He bought 2.24 trillion PEPE with 26 ETH ($48,000) at $0.00000002166, then sold for 1,245 ETH ($2.24 million) at $0.0000009985, with a gain of 48x.”
At time of writing, PEPE is trading at $0.00000156, down nearly 8% in the last 24 hours.
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inboxCheck Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/GrandeDuc/Dilok Klaisataporn
