A Pepe Coín whale has made a remarkable $7.2 million profit on tokens bought in September 2023.
As profit-taking ensues on Pepe, viral alternative Wall Street Pepe is seeing significant capital inflows – with its presale raising almost $1.4 million in less than one week.
Pepe Whale Makes 31X
A whale who invested $237k into Pepe coin in September 2023 has made waves in the crypto market, cashing out with a 31x return in under one year.
Analytics tool Spotonchain noted the astute move, in which the fateful whale unloaded 356.2 billion tokens to leave with a healthy $7.54 million wallet balance.
The wallet transferred the entire Pepe coin to Kraken to sell and lock in those gains.
Pepe is up 1,492% this year. Did the trader make the right move, or will he live to regret it?
He’s undoubtedly pleased with such significant gains, but his sale sparked serious concern for other bag holders.
This whale was an early investor in Pepe and clearly had firm conviction to drop $237K. But to now walk away from the token altogether, investors are unsurprisingly asking what’s next for the token.
But hope is not lost.
Experts Say Pepe Can Make Big Gains Ahead
Indeed, the whale wasn’t leaving it to chance – with such huge gains on the table, he needed to lock in profits.
Nevertheless, experts agree that Pepe has a bright road ahead. They anticipate that it will continue rising against the backdrop of the broader crypto bull market.
Analyst UB notes that Pepe has recently reclaimed a key support level and suggests it “may be time” to run toward its current all-time high (ATH).
Others are looking beyond the current highs. Captain Pepe notes that the token has recently broken from a descending wedge chart pattern and suggests the next leg up is imminent. That will catapult Pepe to $0.00005, 2.5x its current price.
And on-chain data shows that whale activity is a revolving door. While the above-mentioned whale has cashed out, others continue to accumulate.
Spotonchain data shows one trader just withdrew $1.712 million worth of Pepe from Binance. Typically, cryptocurrencies moving from exchanges to non-custodial wallets is a good sign, showing that the trader has a longer-term positive outlook.
But as Pepe’s holder base reshuffles, viral presale token Wall Street Pepe is seeing strong capital inflows, with traders anticipating this to be the next 100x moonshot.
Wall Street Pepe Presale Nears $1.4M as Analysts Predict It Could 100x
Wall Street Pepe (WEPE) has had an incredible start to life.
The coin’s presale kicked off earlier this week and has already raised almost $1.4 million in funding.
Presale investors can buy WEPE tokens for just $0.000204 each.
However, since the presale uses a stage-based structure, this price won’t be around for long – it is set to rise in under four days.
Those who decide to get involved can snag WEPE using crypto or a bank card.
So, why all the excitement?
Unsurprisingly, a lot of it has to do with Wall Street Pepe’s hilarious theme, which features frog mascots decked out in suit and tie, like the famous Gordon Gekko character.
But there’s more to this coin than just a funny aesthetic since it also forms part of a complete trading ecosystem.
This ecosystem will offer tips, tricks, signals, and strategies for traders looking to navigate the crypto market effectively.
It’ll even have a staking app for WEPE tokens, offering yields of 405% per year.
Interestingly, this app is already live during the presale, and investors have locked up 1.9 billion tokens so far.
The analysts at 99Bitcoins are hyped about WEPE’s ecosystem – stating that it has “huge potential” and that if all goes well, the token could 100x.
So, although most traders are still focused on the OG Pepe coin, Wall Street Pepe might have better long-term potential.
