After a continuous decline in the investor’s sentiments, the crypto market has hit the bottom, as all the cryptocurrencies face major price drops. Starting with the Bitcoin price decline to $56,382, the altcoins are also struggling. With the decline, the selling pressure is quite high in the market as the crypto traders are trying to bag all the gains they can. It is because of the fear of Bitcoin declining even lower, initiating a bear market-like condition. In this selling zone, meme coins have witnessed the biggest loss, as the market cap has declined 7.76%. In such a sell-off, one inactive crypto trader has also returned to the market selling his meme coins, creating millions despite the market crash.
Crypto Trader Makes $112K With PEPE.
A crypto whale 0x4a2 (“dimethyltryptamine. eth”) has returned to the crypto market after ten months, exchanging the PEPE token to grab any remaining profits. He exchanges 10B PEPE, which is worth $112K, for 32.73 ETH at the price of $0.0000112118. The crypto trader has been holding these PEPEs for a long and is among the earliest holders. His transactions history reveals PEPE holding since April 14, 2023, right after the launch.
With this, it can be concluded that Pepe Coin is losing the hype and might not recover anytime soon. The crypto trader still has 1.99T PEPE, worth $22.35M. These holdings are offering a 59,600% increase since the buying, making him Millions even in this market crash.
Crypto Trader Holds These 5 Cryptocurrencies
Whale 0x4a2 (“dimethyltryptamine. eth”) portfolio reveals the highest holding of these five cryptocurrencies, including the PEPE, WOJAG, MOG, ETH, and USDC. Out of these, the highest holding is of the PEPE, 1.99Trillion PEPE worth $22.348 Million. The second holding is for the WOJAK, which is also a meme coin, and the trader carries 711.739 M WOJAK ($759.532), followed by 147.5 B MOG ($238.935K), another popular meme coin. Lastly, He carries 2.72 ETH ($9.813) and 6,000 USDC, a popular stablecoin worth $6,000.
The crypto trader’s highest holding belongs to the meme coins category, proving the hype true around them. This year has been quite bullish for meme coins, and the highest gainers of the year are also the meme currencies.
Continue Reading What the Recent Bitcoin Price Sell-Off Means for Your Portfolio
The post Crypto Trader Returns After Ten Months of Inactivity, Making Millions In Market Crash appeared first on CoinGape.
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