{"id":26683,"date":"2024-12-08T14:33:42","date_gmt":"2024-12-08T14:33:42","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=26683"},"modified":"2024-12-08T14:33:42","modified_gmt":"2024-12-08T14:33:42","slug":"meme-coin-whales-on-the-move-stacking-up-on-pepe-dumping-wif","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=26683","title":{"rendered":"Meme Coin Whales on the Move: Stacking Up on PEPE, Dumping WIF"},"content":{"rendered":"

TL:DR;<\/strong><\/p>\n

Whales continue to make big moves in the cryptocurrency market, and some keep accumulating PEPE.
\nAt the same time, others have decided to possibly part with WIF holdings and secure substantial profits.<\/p>\n

<\/a><\/p>\n

Lookonchain data has repeatedly outlined<\/a> the growing demand from large investors toward the third-largest meme coin \u2013 PEPE. The latest substantial acquisition came hours ago as two wallets, perhaps belonging to the same entity, spent almost $5 million in USDC to accumulate over 190 billion PEPE.<\/p>\n

This came amid the asset\u2019s price rally<\/a> that pushed it beyond $0.000026 for the first time ever on Saturday evening.<\/p>\n

Whales are buying $PEPE<\/a>!<\/p>\n

2 wallets (likely belonging to the same whale) spent 4.89M $USDC<\/a> to buy 190.14B $PEPE<\/a> at an average price of $0.00002572 in the last 6 hours!<\/p>\n

Address:
\n0xcb1f2b9562a7a4e2029db54d504dfe4b1e46b7dc
\n0xb721c74a0a1c97187146d1fe7df94a9d8752481d pic.twitter.com\/LomPm6rg4F<\/a><\/p>\n

\u2014 Lookonchain (@lookonchain) December 8, 2024<\/a><\/p>\n\n

Whales have been on a buying spree in the past few months, which only accelerated after the US elections as the self-proclaimed \u2018pro-crypto\u2019 choice \u2013 Donald Trump, secured a landslide win.<\/p>\n

However, another large investor has showcased a different attitude toward another popular meme coin, WIF. More Lookonchain data indicated that they deposited $9.5 million worth of the asset to Coinbase, perhaps to offload the fortune.<\/p>\n

In case they indeed sell the tokens, they will realize a net profit of around $8.5 million as they accumulated the stash nearly a year ago.<\/p>\n

A whale deposited 2.78M $WIF<\/a>($9.5M) to #Coinbase<\/a> 12 hours ago.<\/p>\n

This whale spent 9,300 $SOL<\/a>($1.02M at that time) to buy 2.78M $WIF<\/a> 10 months ago, with a profit of $8.48M!https:\/\/t.co\/8eukHbOQtL<\/a> pic.twitter.com\/hkoJe6PoK8<\/a><\/p>\n

\u2014 Lookonchain (@lookonchain) December 7, 2024<\/a><\/p>\n\n

The post Meme Coin Whales on the Move: Stacking Up on PEPE, Dumping WIF<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL:DR; Whales continue to make big moves in the cryptocurrency market, and some keep accumulating PEPE. At the same time, others have decided to possibly part with WIF holdings and secure substantial profits. Lookonchain data has repeatedly outlined the growing demand from large investors toward the third-largest meme coin \u2013 PEPE. The latest substantial acquisition […]<\/p>\n","protected":false},"author":0,"featured_media":26684,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-26683","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/26683"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26683"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/26683\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/26684"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}