Crypto Giant Gobbles Up Ethereum and Dumps Pepe for Huge Profits

A major cryptocurrency investor has been actively buying up Ethereum (ETH), suggesting a strategic move to take advantage of lower prices.

According to Lookonchain, a notable Ethereum wallet with the address starting “0x78D07” acquired more than $4.7 million in ETH recently, increasing its total ETH holdings to nearly $100 million.

This investor has been accumulating ETH since May 24, with a total of 37,800 ETH purchased at an average price of $2,420 each, resulting in an unrealized gain of $7.5 million.

In addition, another savvy investor with a flawless profit history has been stockpiling ETH from Binance. Since late May, this investor has added around $70 million worth of ETH to their portfolio.

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As Ethereum’s current price stands at $2,683, showing a 2% increase in the last day, one high-profile investor is also cashing out on the memecoin Pepe (PEPE).

This individual sold their remaining 395.92 billion PEPE tokens for $3.4 million, securing a profit of $5.06 million, or a 199% return.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.