The PEPE whale who earned $20 million from just a $1 million investment in less than two weeks is now moving onto the TURBO token. In these times when the trading volume of memecoins reached their peak since 2021 with a whopping $2.3 billion. And after the PEPE frenzy, the whale investors turned their focus on another token, TURBO, which is deemed as the “first memecoin that was created entirely by an artificial intelligence”.
Crypto Nova Tracked Down the Whale
Some Twitter users have caught track of whale movements in the market, and it seems like a certain whale is accumulating TURBO tokens. One of the analysts who identified themselves as “Crypto Nova” stated that a certain whale has made around $16 million after selling its holdings in PEPE. Some part of the amount that was realized by these profits (approximately 545,000) was used on May 8 to buy the memecoin TURBO. This movement came at a time when the crypto asset suffered from a decrease in its value yesterday afternoon.
The whale tracked down by Crypto Nova had bought $434,000 on March 4, and this makes the total amount on their TURBO investment nearly $1 million. But with the recent addition to this equation, the whale seems to have $1.856 million of TURBO memecoin. This whale also profited 100% from this coin in just a week. These movements were also detected by other players on the field and by the Lookonchain and Cyril.
This Whale might have More where it Came From!
Crypto Nova suggests that this is only one of the wallets this whale has in their possessions, which was created on April 19, and they seem to have much more than this at their disposal. Technically, the whale’s profit shot up from $1 million to $20 million, which means that they had a profit of 1,900% in this short time span.
“Considering the history of the portfolio and the amount of conviction the whale has in TURBO, can provide an opportunity here. But keep in mind that whales make mistakes too. No human has 100% utilization”, states the analysts.
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