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PEPE Whale Executes Multi-Million Dollar Token Trading Strategy
Gate News bot message, a PEPE whale executed a series of significant trading moves. The trader initially sold 314B PEPE tokens valued at $3.16M for 668.35 ETH and $203K USDC, followed by acquiring 697,488 EIGEN tokens for 267.66 ETH ($1.178M).
Following these transactions, the whale converted ETH to USDC and transferred 1.837M USDC to HyperLiquid. The funds were then used to purchase 151.19M PUMP tokens for $1.02M and 1.11M XPL tokens for $1.09M.
The trading activity follows an earlier transaction where the same whale sold 501B PEPE for 1,112.37 ETH ($4.6M) and 561,923 EIGEN for 188.62 ETH ($819K), according to Onchain Lens.