The first Pepe token holder achieved an astonishing return, turning a $26 investment into $60.3 million. However, he’s unable to cash in on these profits.
Since its launch in April 2023, Pepe quickly gained attention from the crypto community due to its meme-inspired story featuring the frog character Pepe. The interest driven by its meme appeal spurred impressive price growth.
While many early investors have already taken their profits, a major PEPE “whale” has seen a 232,068,400% return and continues to hold the asset. This investor turned $26 into $60.3 million but hasn’t sold to realize the profits.
The Catch
On-chain data reveals that this whale wallet spent 0.013 ETH ($26) to acquire 2.52 trillion PEPE tokens on April 14, 2023, just hours after the Ethereum-based meme coin launched. Since then, the investment’s return on investment (ROI) has skyrocketed.
However, this whale may never be able to cash out because the developers have blacklisted his address. Pepe’s smart contract has a built-in function allowing the lead developer to block specific wallets using the onlyOwner modifier.
There is speculation about why this address was blacklisted, with the prevailing theory suggesting that the wallet owner might be the PEPE developer. By blacklisting this wallet, it’s believed the developer aimed to prevent a significant sell-off that could impact the price.
The wallet holds nearly 0.6% of PEPE’s total supply, meaning that selling this stake could have a substantial impact on the token’s value. However, the actual reason for the blacklist remains unconfirmed and is subject to speculation.
While this particular “whale” can’t cash out, other early Pepe buyers have become millionaires after selling. For example, one PEPE whale earned $1.97 million in July from an initial $200,000 investment, marking an 886% return.
Pepe Reaches New All-Time Highs
Meanwhile, Pepe hit another milestone today, with the meme coin reaching a new all-time high of $0.00002524.
This growth was primarily driven by the news that California-based crypto exchange Robinhood added support for Pepe, ranking it as the third-largest meme coin by market capitalization.
At the time of writing, PEPE is trading at $0.00002322, up 84% in the last 24 hours. The frog-themed token currently holds the 14th spot in the crypto market cap rankings, valued at $9.77 billion.

#pepe⚡ , #memecoin🚀🚀🚀 , #WhalesBuying , #Whalestrap , #CryptoNewss

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In the volatile world of cryptocurrency trading, whale manipulations have caused substantial losses for investors. Reports suggest that up to 90% of traders have lost their investments due to these tactics. Even robust markets like Germany have faced significant setbacks, potentially losing $250 million from Bitcoin sales. Here’s a detailed look at whale manipulation tactics and tips to avoid their traps:In the volatile world of cryptocurrency trading, whale manipulations have caused substantial losses for investors. Reports suggest that up to 90% of traders have lost their investments due to these tactics. Even robust markets like Germany have faced significant setbacks, potentially losing $250 million from Bitcoin sales. Here’s a detailed look at whale manipulation tactics and tips to avoid their traps:
Common Whale Manipulation Tactics
1. Pump and Dumps
- Description: Coordinated groups inflate the price of certain cryptocurrencies through hype, then sell off at the peak.
- How to Avoid: Avoid cryptos with sudden volume spikes and no substantial news. Always conduct thorough research (DYOR).
2. Stop Loss Hunting
- Description: Whales trigger stop loss orders to create price swings by locating clusters of stop losses and activating them with large orders.
- How to Avoid: Use stop limit orders placed strategically above or below key levels to mitigate sudden price movements.
3. Painting the Charts
- Description: Manipulating prices to create false chart patterns, such as buying at resistance to turn it into support or selling during bounces to form descending channels.
- How to Avoid: Wait for confirmation before trading based on chart patterns.
4. Short Squeezes
- Description: Aggressive buying by whales forces short sellers to cover their positions, driving prices up and allowing whales to sell into the rally.
- How to Avoid: Be cautious and wait for confirmation before buying in volatile markets following periods of weakness.
5. Spoofing
- Description: Large fake orders are placed to manipulate market sentiment, creating false bullish or bearish signals.
- How to Avoid: Use limit orders and avoid reacting to large walls that may disappear.
6. Wash Trading
- Description: Creating false trading volume and momentum by placing buy and sell orders with oneself, often seen in the NFT sector.
- How to Avoid: Be skeptical of reported trading volume.
7. Stop Runs
- Description: Pushing prices beyond key levels to trigger stop losses, then quickly reversing the price to trap traders.
- How to Avoid: Wait for clear confirmation before reacting to breaks of key support or resistance levels.
8. Latency Arbitrage
- Description: Exploiting speed differences between exchanges to profit from price discrepancies, disadvantaging regular traders.
- How to Avoid: Use limit orders to avoid being adversely affected by fast-moving trades.
Additional Tips to Safeguard Your Investments
1. Utilize Stop Limit Orders:
Prevent cascading liquidations by placing stop limit orders strategically.
2. Wait for Confirmation:
Always wait for confirmation before trading based on chart patterns.
3. Monitor Key Levels:
Act only when key support or resistance levels break decisively.
4. Avoid Chasing Pumps:
Steer clear of buying during price spikes or cryptos with unusual volume.
5. Exercise Patience:
Be patient during periods of range compression and avoid chasing breakouts.
6. Manage Volatility:
Scale out of your position during dramatic spikes in volatility.
Understanding these manipulation tactics can help you navigate the chaotic crypto market more effectively. By being cautious, conducting thorough research, and waiting for clear confirmations, you can enhance your trading strategy and protect your investments from whale-driven chaos.
#VanEck_SOL_ETFS
Common Whale Manipulation Tactics
1. Pump and Dumps
- Description: Coordinated groups inflate the price of certain cryptocurrencies through hype, then sell off at the peak.
- How to Avoid: Avoid cryptos with sudden volume spikes and no substantial news. Always conduct thorough research (DYOR).
2. Stop Loss Hunting
- Description: Whales trigger stop loss orders to create price swings by locating clusters of stop losses and activating them with large orders.
- How to Avoid: Use stop limit orders placed strategically above or below key levels to mitigate sudden price movements.
3. Painting the Charts
- Description: Manipulating prices to create false chart patterns, such as buying at resistance to turn it into support or selling during bounces to form descending channels.
- How to Avoid: Wait for confirmation before trading based on chart patterns.
4. Short Squeezes
- Description: Aggressive buying by whales forces short sellers to cover their positions, driving prices up and allowing whales to sell into the rally.
- How to Avoid: Be cautious and wait for confirmation before buying in volatile markets following periods of weakness.
5. Spoofing
- Description: Large fake orders are placed to manipulate market sentiment, creating false bullish or bearish signals.
- How to Avoid: Use limit orders and avoid reacting to large walls that may disappear.
6. Wash Trading
- Description: Creating false trading volume and momentum by placing buy and sell orders with oneself, often seen in the NFT sector.
- How to Avoid: Be skeptical of reported trading volume.
7. Stop Runs
- Description: Pushing prices beyond key levels to trigger stop losses, then quickly reversing the price to trap traders.
- How to Avoid: Wait for clear confirmation before reacting to breaks of key support or resistance levels.
8. Latency Arbitrage
- Description: Exploiting speed differences between exchanges to profit from price discrepancies, disadvantaging regular traders.
- How to Avoid: Use limit orders to avoid being adversely affected by fast-moving trades.
Additional Tips to Safeguard Your Investments
1. Utilize Stop Limit Orders:
Prevent cascading liquidations by placing stop limit orders strategically.
2. Wait for Confirmation:
Always wait for confirmation before trading based on chart patterns.
3. Monitor Key Levels:
Act only when key support or resistance levels break decisively.
4. Avoid Chasing Pumps:
Steer clear of buying during price spikes or cryptos with unusual volume.
5. Exercise Patience:
Be patient during periods of range compression and avoid chasing breakouts.
6. Manage Volatility:
Scale out of your position during dramatic spikes in volatility.
Understanding these manipulation tactics can help you navigate the chaotic crypto market more effectively. By being cautious, conducting thorough research, and waiting for clear confirmations, you can enhance your trading strategy and protect your investments from whale-driven chaos.
#Whalestrap