A whale known by their wallet address “0x31f5,” has recently made waves with their investments in the PEPE coin.
Over the past eight hours, Whale “0x31f5” has made a substantial investment in PEPE coin, spending a staggering 4.54 million USDC and 150 ETH (equivalent to approximately $287,000) to purchase 3.43 trillion PEPE coins. The purchase price per PEPE coin was $0.000001406.
This is not the first time Whale “0x31f5” has made a significant investment in PEPE coin. In their first major investment, they realized a profit of approximately $11.47 million. However, their second foray into the PEPE market was less successful, resulting in a loss of around $741,000.
In their previous investment, Whale “0x31f5” spent 3.5 million USDC to acquire 3 trillion PEPE coins. They then deposited these coins into Binance, a popular cryptocurrency exchange. However, upon withdrawing their funds, they received only 2.76 million USDC, marking a loss of approximately $741,000.
Just two hours prior to their latest investment, Whale “0x31f5” spent an additional 250,000 USDC to purchase 227 billion PEPE coins at a price of $0.0000011 per coin. This brought their total investment in PEPE coin to 3.25 million USDC, used to acquire 2.81 trillion PEPE coins.
The actions of Whale “0x31f5” provide a fascinating insight into the high-stakes world of cryptocurrency investment. Their significant investments in PEPE coin, and the subsequent profits and losses, serve as a stark reminder of the volatility and potential rewards of the cryptocurrency market. As always, potential investors should proceed with caution and conduct thorough research before diving into the world of cryptocurrency.
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