A major cryptocurrency whale has recently completed a series of transactions involving the meme coin PEPE, resulting in substantial profits. The whale, identified by the address 0x3c9E, initially accumulated 2 trillion PEPE tokens at an average price of $0.00000895, with a total value of approximately $17.9 million. Starting May 9, the whale began selling portions of these holdings, depositing large amounts into Binance. By May 30, the whale had deposited 502.5 billion PEPE tokens worth $6.47 million and still held 497.5 billion tokens valued at $6.41 million, having made a profit of $7.47 million within one month.
The final liquidation occurred by May 31, when the whale transferred the remaining 497.5 billion PEPE tokens (valued at $5.8 million) to Binance, completing the full exit and realizing a total profit of $6.86 million. Over the period from April 29 to May 8, the whale bought the tokens and then sold approximately 75% at an average price of $0.0000124, generating gains estimated at $5.5 million during that phase. The whale's overall profit from these transactions is reported to be $6.86 million. Meanwhile, PEPE's circulating supply on exchanges has dropped to a two-year low amid continued accumulation by whales and smart money investors, although the token's price recently dipped to a key support level. PEPE remains among the top five cryptocurrencies by trading volume, with over 700 new holders added in a single day, and is projected to reach the top five by market capitalization by the end of the current market cycle.