Big players in the crypto market are grabbing headlines, and this time, they’re doubling down on meme coins. One whale has just locked in a staggering $13.75 million profit from trading Pepe (PEPE), while another has withdrawn millions worth of Dogwifhat (WIF) from Binance.
These massive trades have sparked speculation – are whales gearing up for the next big rally? With prices dipping despite the heavy buying, all eyes are now on what happens next.
A well-known crypto whale, identified by the wallet address “0xe7d,” recently made a big move. This trader spent 974.642 ETH—about $2.62 million—to buy 280.85 billion PEPE tokens just nine hours ago.
With this latest purchase, the whale now holds 1.404 trillion PEPE, valued at around $13.2 million. Even more impressive, they’ve secured a $13.75 million profit so far, marking a staggering 328% return.
Meanwhile, another major investor, linked to the wallet “4FhF5,” is making waves with a large Dogwifhat (WIF) purchase. Just 11 hours ago, this whale created a new wallet and withdrew 9.48 million WIF tokens—worth $7.17 million—from Binance.
While their strategy remains unclear, such large withdrawals often indicate confidence in the token’s future growth.
PEPE’s price has taken a sharp 15% fall, now trading around $0.000009010 with a market cap of $3.84 billion. However, its 24-hour trading volume has jumped by 24%, reaching about $825 million.
This price drop comes amid broader market declines, fueled by economic tensions between the U.S. and China over increased tariffs.
Similarly, Dogwifhat (WIF) has also seen a 12% dip in the last 24 hours, bringing its market cap to $720 million. Despite the decline, some analysts believe that if WIF breaks out of its current ascending triangle pattern, it could first target $1.10.
Despite the market dip, these massive trades suggest confidence – whether they signal a comeback or a trap remains to be seen.
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