Influential Whale Cashes Out $2.7M Worth Of PEPE As Frog-Themed Crypto Takes U-Turn

A whale investor offloaded millions worth of Pepe (CRYPTO: PEPE) as the frog-themed cryptocurrency corrected sharply over the weekend.

What Happened: On-chain tracking platform Spot on Chain reported a massive sale of PEPE by a trader with huge cryptocurrency holdings.

The trader, dubbed “super whale,” sold 74.07 billion PEPE, equivalent to $1.53 million, for 448.1 Ethereum (CRYPTO: ETH) on Sunday. In the last three days, they liquidated a total of 130.2 billion PEPE, amounting to $2.71 million, for 891 Ether.

Despite the massive sale, the whale still holds a staggering 3.241 trillion PEPE, valued at $64.1 million, with a profit of $68.3 million, marking a 12.6X return on investment.