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Crypto Whales Making Big Profits with These 3 Altcoin


Meme coin prices have been volatile in the past 24 hours in the cryptocurrency market. While large investors have made significant profits from these fluctuations, some investors have suffered major losses. Here are the altcoin projects and transactions that investors are focusing on:

Investor makes a profit with the legendary trader’s return

An investor who invested in a Solana-based meme coin/altcoin called GME about 3 months ago and then lost money due to the following serious declines was saved by the return of TheRoaringKitty, as we reported on Kriptokoin.com. According to data from on-chain analysis platform Lookonchain, the investor bought 69 million GME for 4.086 SOL worth $408,000 3 months ago. Despite the 90% drop, the investor did not sell and made a profit of $282,000 thanks to the pump that came with the return of TheRoaringKitty, who pioneered the GameStop (GME) incident 3 years later.

Pepe whales start to withdraw their profits

On the other hand, Pepe (PEPE) whales who have made significant profits have started selling. According to data from on-chain analysis platform Spot On Chain, 2 large crypto whales have started profit-taking on Pepe. Early PEPE whale with wallet address “0x647” recently deposited 250 billion PEPE worth $2.69 million on the cryptocurrency exchange Binance. This whale, who made a profit of approximately $4.8 million from PEPE, still has 42.4 billion PEPE worth $424,000 in his hand. Another whale, “0xa4f”, managed to pocket $1.31 million by selling 123 billion PEPE. This whale made a profit of $223,000 in just 3 days. According to CoinGecko data, PEPE, which has risen by 24% in the last 24 hours, is trading at $0.0000109 at the time of writing.

Whale activity in altcoin projects Lido (LDO) and PEPE

In a tracking by @ai_9684xtpa on May 14, a whale/institution transferred 7 million LDO (approximately $13.01 million) to Coinbase 15 hours ago. If all were sold, the profit would be $2.17 million. According to Lookonchain’s tracking data, an investor exchanged 1.86 million USDC for 195 billion PEPE 12 hours ago and is currently making a profit of $236,000.

Meme coins have recently stood out with high volatility and uncertainty. This situation offers great profit opportunities for some investors, while it can lead to significant losses for other investors. The movements of whales in this market can have a significant impact on prices. Therefore, it is important for investors to do thorough research and consider the risks before investing in meme coins.

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