Binance is one of the most popular online trading platforms. centralized crypto exchangeRecently,, has experienced a significant change in the number of withdrawals. PEPE, an iconic meme coin called PEPE is reported to have experienced a huge outflow. It was estimated that up to 1.19 trillion coins (equaling almost $1.88 million) were lost. According to recent reports, a trader was behind the respective outflow.
Binance’s 1 Trillion PEPE Tokens are now gone after a trader made $8.13 in profit
Some market watchers have highlighted the important things about the event. Lookonchain is a popular website that allows you to do this. on-chain Statistics provider) has taken to its official channel in the social media platform X. It noted in a recent post that the event began a few weeks ago. Overall, the trader was able to make significant profits using the PEPE Tokens.
Lookonchain claimed in its X-post that the trader made up to $8.13million with PEPE. The figure indicates that the trader made a profit of 431%. The blockchain analytics platform revealed that the trader had deposited at least 196.18 Billion PEPE tokens.
Binance has received coins worth nearly $1.7million. The trader took another step after making substantial profits. Lookonchain reports that the trader has withdrawn over one trillion tokens. This news could be shocking to the PEPE community. Etherscan has provided details on the PEPE withdrawal via its official website.
PEPE Holdings Jumps from $12,108 up to $104,997 for a PEPE Investor
It is also noteworthy that the episode in question occurred before the PEPE’s value rose. An X-user “Crypto Rover” highlighted Within a month, the value of the token will have changed. He claimed that the value of his PEPE tokens was nearly $12,108 only 4 weeks earlier. The current value is $104,997. So, he made 8x the profit in a single month. Shib Doge Bonk and other meme coins also produced good returns in the same period. The trader said he would hold on to his PEPE for future gains.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
Source: blockchainreporter.net
