According to data from blockchain analysis firm Lookonchain, a major whale has sold the 1.97 billion PEPE tokens they held for a total of $6.07 million, generating a net profit of $3.49 million.
According to data from blockchain analysis firm Lookonchain, a major whale has sold the 1.97 billion PEPE tokens they held for a total of $6.07 million, generating a net profit of $3.49 million.
The funds were then redistributed among several other cryptocurrencies, including Shiba Inu (SHIB), Decentraland (MANA), The Sandbox (SAND), and Gala (GALA).
A strategic rebalancing of the portfolio
The whale’s reallocation strategy appears meticulously calculated, with purchases spread across a spectrum of emerging and established digital currencies.
Specifically, the investor acquired 75.9 billion SHIB tokens for $893,000, 1.6 million MANA tokens valued at $1.07 million, 2.43 million SAND tokens for $1.48 million, and 36.88 million of GALA tokens at a cost of 1.46 million dollars.
This move is typical of large-scale investors spreading their bets across a variety of assets within the crypto space. This way, they can take advantage of the unique opportunities that each currency can present.
This reallocation shows the investor’s approach to spreading investments across different cryptocurrency categories, from meme coins (that leverage social media trends and community support) to tokens that underpin virtual worlds and decentralized gaming ecosystems.
SHIB experiences dramatic drop
The whale-selected cryptocurrencies have shown mixed performance in the market. PEPE, from which the original funds were divested, has seen a price increase of 3.6%, trading at $0.052738.
SHIB, which is now a major part of the whale portfolio, has seen a drop of 11.3% and its price stands at $0.00001277.
MANA and SAND, fundamental to the virtual real estate and gaming sectors of the cryptocurrency world, have increased by 12.7% and 8.8%, respectively, showing investors’ focus on sectors with high upside potential. growth.
GALA, another gaming-related token, is up 4.4%, underscoring the investor’s diversified focus on both established and emerging market segments within the cryptocurrency ecosystem.
