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In the cryptocurrency market, large players are once again making headlines. According to recent data from Spot On Chain, a crypto whale made a significant profit of $13.75 million by trading the meme coin Pepe (PEPE). Additionally, another whale withdrew millions of dollars worth of Dogwifhat (WIF) from Binance, generating renewed interest in both meme coins.
Whale Gains Big with PEPE Coin
A crypto whale, starting with the wallet address “0xe7d,” executed a massive PEPE purchase in recent hours. The whale spent $2.62 million to acquire 280.85 billion PEPE coins by purchasing 974 ETH. This latest investment brought the whale’s total PEPE holdings to an impressive 1.404 trillion coins.
This maneuver enabled the whale to secure a profit of $13.75 million from PEPE trading, reflecting a 328% return on investment. Such substantial returns have further piqued the interest of crypto traders in PEPE.
New Whale Withdraws WIF Coin from Binance
Another large crypto whale, with a wallet address starting with “4FhF5,” has attracted attention with Dogwifhat purchases. This newly created wallet drew 9.48 million WIF coins from Binance just 11 hours ago, amounting to a $7.17 million investment.
Although the whale’s strategy remains unclear, the substantial withdrawal has fueled speculation that the price of WIF coins may rise. Large players withdrawing funds from exchanges typically signify strong expectations for price increases.
PEPE experienced a 15% decline over the last 24 hours, dropping to $0.000009010. The meme coin’s total market cap fell to $3.84 billion, while trading volume increased by 24% to $825 million. Conversely, WIF’s market value also decreased by 12%, reaching $720 million, but technical analysis suggests that if WIF completes its current upward formation, it could target the $1.10 level.
