PEPE Coin Whale Made $1.23 Million In One Hour

Anvesh Reddy
May 4, 2023 Updated July 22, 2025
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PEPE Price

Crypto Market News: Cashing in on the latest memecoin craze in the crypto market, a Pepe Coin (PEPE) whale accumulated the coin in big volumes in exchange for all of his cryptocurrency holdings. The memecoin was launched on April 18, 2023, but it really saw massive demand only in the last one week. In the recent days, several crypto exchanges listed many meme coins, out of which PEPE shot up in huge numbers.

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

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.

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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.”

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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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at [email protected] or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.