Massive PEPE Whale Bought Another Altcoin Earlier This Month, Started Selling At A Loss

According to cryptocurrency onchain data, a major PEPE memecoin whale appears to have sold another altcoin at a loss in his latest trade.

Giant Cryptocurrency Whale Bullish on PEPE Sells Recently Purchased EIGEN Tokens at a Loss

According to data provided by Lookonchain, the massive crypto whale with a total PEPE fortune of $31.44 million is selling EigenLayer (EIGEN) tokens at a loss.

The whale in question spent $3.24 million this month, purchasing 909,000 EIGEN tokens at an average price of $3.56. The purchases took place on October 3 and 4.

According to the latest data, this whale sold 772 thousand EIGEN tokens at an average price of $ 3.1 and obtained a total of 988.5 ETH, or $ 2.39 million.

The giant crypto whale currently holds 139,800 EIGEN tokens worth $449,000, with a total loss of around $407,000.

At the time of writing, the EIGEN altcoin price is trading at $3.19.

*This is not investment advice.