The crypto market is witnessing major moves from whales, with large investors betting big on meme coins. According to on-chain analytics platform Spot On Chain, a savvy whale recently secured an astonishing $13.75 million profit from Pepe (PEPE) trading. Meanwhile, another whale withdrew millions worth of Dogwifhat (WIF) from Binance, sparking speculation about their next move.
Whale Secures 328% Profit on PEPE!
A well-known crypto whale, identified by wallet address “0xe7d”, made a bold move just hours ago. This investor spent 974.642 ETH (around $2.62 million) to acquire 280.85 billion PEPE tokens. As a result, the whale now holds a staggering 1.404 trillion PEPE, valued at approximately $13.2 million.
Even more impressive is the whale’s 328% return, turning this investment into a $13.75 million profit. This strategic trade highlights the growing interest in meme coins and their potential for substantial gains.
Another Whale Accumulates WIF Tokens
A second major crypto whale, known as “4FhF5”, recently made headlines by accumulating a significant amount of Dogwifhat (WIF). Just 11 hours ago, this new investor created a fresh wallet and withdrew 9.48 million WIF tokens, worth $7.17 million, from Binance.
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Although the whale’s strategy remains unclear, such massive withdrawals often indicate strong confidence in an asset’s future price surge. If WIF follows a similar pattern to PEPE, investors may witness another major rally in the meme coin market.
PEPE and WIF Price Movements
Despite whale accumulation, PEPE’s price has dropped by 15%, trading around $0.000009010, with a market cap of $3.84 billion. However, trading volume has surged 24% in the past 24 hours, reaching $825 million. Market uncertainty, driven by rising economic tensions between the U.S. and China, has contributed to the downturn.
Similarly, Dogwifhat (WIF) has declined 12% in the last 24 hours, pushing its market cap to $720 million. Despite this drop, analysts suggest that if WIF breaks out from its current ascending triangle pattern, it could target $1.10 as the next key resistance level.
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