Altcoin
Crypto Whales Making Big Profits With These 3 Altcoins
Meme coin prices have been volatile over the past 24 hours cryptocurrency market. While large investors have profited significantly from these fluctuations, some investors have suffered major losses. Here are the altcoin projects and transactions that investors are focusing on:
The investor makes a profit with the return of the legendary trader
An investor who invested in a Solana-based meme/altcoin called GME about 3 months ago and then lost money due to the following severe declines was saved by the return of TheRoaringKitty, as we reported on Cryptokoin.com. According to data from on-chain analytics platform Lookonchain, the investor purchased 69 million GME for 4,086 SOL worth $408,000 3 months ago. Despite the 90% drop, the investor did not sell and made a profit of $282,000 thanks to the pump that came with the return of TheRoaringKitty, which paved the way for the GameStop (GME) crash 3 years later.
Pepe whales begin to withdraw their profits
On the other hand, Pepe Whales (PEPE), which made significant profits, started selling. According to data from on-chain analytics platform Spot On Chain, 2 large crypto whales have started profiting from Pepe. The first PEPE whale with wallet address “0x647” recently deposited 250 billion PEPE worth $2.69 million on the cryptocurrency exchange Binance. This whale, which made a profit of around $4.8 million from PEPE, still holds 42.4 billion PEPE worth $424,000. Another whale, “0xa4f”, managed to pocket $1.31 million by selling 123 billion PEPE. This whale made a profit of $223,000 in just 3 days. According to data from CoinGecko, PEPE, which is up 24% in the past 24 hours, is trading at $0.0000109 at the time of writing.
Whales took profits after the $PEPPER the price recorded a new ATH (24H)! Did you get yours?
1. The first holder 0x647 deposited 250B $PEPPER ($2.69 million) a #Binance ~12 hours ago.
– The whale has 42.4B $PEPPER ($424,000) left with a total profit of $3.96 million (+8,833%).2. Whale 0xa4f 123.7B… pic.twitter.com/AxUxvMSYac
— Spot On Chain (@spotonchain) May 14, 2024
Whale activity in the Lido (LDO) and PEPE altcoin projects
In a tracking by @ai_9684xtpa on May 14, a whale/institution transferred 7 million LDO (approximately $13.01 million) to CoinBase 15 hours ago. If they were all sold, the profit would amount to $2.17 million. According to tracking data from Lookonchain, an investor exchanged 1.86 million USDC for 195 billion PEPE 12 hours ago and is currently making a profit of $236,000.
LDO 最近机构 and 大户出货很频繁啊🥹
2022.10 – 2023.05 期间建仓 3176 万枚 $LDO 的巨鲸 / 机构 15 小时前向 #Coinbase of 700 of LDO (of 1301 of 万美金）), of 217 of 万美金
万美金,剩余 779… https://t.co/Nzhq6gMBfc pic.twitter.com/0wqpfHae2z
— Ai 姨 (@ai_9684xtpa) May 14, 2024
Meme coins have recently stood out for their high volatility and uncertainty. This situation offers great profit opportunities for some investors, while it can lead to significant losses for other investors. Whale movements in this market can have a significant impact on prices. Therefore, it is important for investors to do thorough research and consider the risks before investing meme coins.
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