"Wow it's different! Other people are panicking about the fall of crypto, he just wants to sell it and make a profit again."
The continued plunge in investor sentiment has resulted in the entire cryptocurrency market including Bitcoin (BTC) experiencing significant declines as traders try to recapture profits.
That streak, memecoin also saw huge losses as its market capitalization dropped 7.76%, but a crypto trader who had been inactive for a while sold his holdings in memecoin and made millions in profit.
Through observation, the crypto whale 0x4a2 (“dimethyltryptamine. eth”) which started to return to the crypto market after ten months of silence has sold Pepe Coin (PEPE) for high profits.
It exchanged 10 billion PEPE worth $112,000 for 32.73 ETH and it should be noted that traders have held PEPE for a long time and were among its earliest holders since April 14, 2023.
Please note that the trader still owns 1.99 trillion PEPE worth $22.35 million which is a 59,600% increase since his purchase and makes him a millionaire despite the crypto market slump.
Not only that, the whale also revealed that it has 711.739 million WOJAK worth $759,532 followed by 147.5 billion MOG worth $238,935 then invested $9,813 in ETH and owns USDC worth $6,000.
So here it can be seen that the highest holdings of crypto traders belong to the memecoin category following this year indeed memecoin recorded the highest profit and this has caused many to be more confident in its potential.