Whale Sold This Altcoin With a Loss of 30 Million Dollars and Bought PEPE!

While the rise in Bitcoin (BTC) and altcoins makes investors happy, whales continue their purchases.

At this point, Lookonchain shared on Twitter that the address named “9x9x9 (@9x9x9eth)” sold all its SUSHI’ tokens and bought PEPE.

Accordingly, while this whale sold 2.36 million SUSHI (worth $1.34 million) at an average price of $0.57, he spent 851 ETH ($1.42 million) to buy 1.89 T PEPE.

Lookonchain added that this whale lost approximately 30 million dollars in total on its SUSHI investment.

“ 9x9x9 (@9x9x9eth) exchanged all SUSHI tokens for PEPE.

Sold 2.36 million SUSHI ($1.34 million worth) 8 hours ago at an average price of $0.57 and spent 851 ETH ($1.42 million) to buy 1.89 T PEPE.

@9x9x9eth lost approximately $30 million total on SUSHI including all CEX purchases.”

Listed on Binance, PEPE is trading at $0.00000073.

9x9x9 (@9x9x9eth) exchanged all $SUSHI positions for $PEPE.

He sold 2.36M $SUSHI($1.34M) at an average price of $0.57 and spent 851 $ETH($1.42M) to buy 1.89T $PEPE 8 hours ago.@9x9x9eth lost a total of ~$30M in $SUSHI including all CEX buys.https://t.co/T6pR4ohAwr pic.twitter.com/mFMj1A7HUx

— Lookonchain (@lookonchain) October 23, 2023

*This is not investment advice.

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