{"id":135361,"date":"2024-08-12T17:00:02","date_gmt":"2024-08-12T14:00:02","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135361"},"modified":"2024-08-12T16:29:39","modified_gmt":"2024-08-12T13:29:39","slug":"crypto-giant-gobbles-up-ethereum-and-dumps-pepe-for-huge-profits","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/crypto-giant-gobbles-up-ethereum-and-dumps-pepe-for-huge-profits\/","title":{"rendered":"Crypto Giant Gobbles Up Ethereum and Dumps Pepe for Huge Profits"},"content":{"rendered":"<p>According to <strong><a href=\"https:\/\/x.com\/lookonchain\/status\/1821917347273425196\" target=\"_blank\" rel=\"nofollow\">Lookonchain<\/a><\/strong>, a notable <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">Ethereum<\/a><\/strong> wallet with the address starting \u201c0x78D07\u201d acquired more than $4.7 million in ETH recently, increasing its total ETH holdings to nearly $100 million.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/important-announcement-from-top-crypto-exchange-binance\/\" title=\"Important Announcement From Top Crypto Exchange Binance\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/12\/coin_binance-6-big-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Important Announcement From Top Crypto Exchange Binance<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>As Ethereum\u2019s current price stands at $2,683, showing a 2% increase in the last day, one high-profile investor is also <strong><a href=\"https:\/\/x.com\/lookonchain\/status\/1821932799827530021\" target=\"_blank\" rel=\"nofollow\">cashing out<\/a><\/strong> on the memecoin Pepe (<strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/pepe\/\">PEPE<\/a><\/strong>).<\/p>\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A major cryptocurrency investor has been actively buying up Ethereum (ETH), suggesting a strategic move to take advantage of lower prices.<\/p>\n","protected":false},"author":3,"featured_media":81256,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-135361","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Crypto Giant Gobbles Up Ethereum and Dumps Pepe for Huge Profits<\/title>\n<meta name=\"description\" content=\"A major cryptocurrency investor has been actively buying up Ethereum (ETH), suggesting a strategic move to take advantage of lower prices.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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