PEPE Holder Converts Tokens to SPX, Gains 16% Increase in Net Assets

According to PANews, a significant transaction was observed by Lookonchain involving a PEPE token holder. Approximately three hours ago, this individual converted 5.956 billion PEPE tokens, valued at around $574,000, into 754,943 SPX tokens, worth approximately $684,000. This transaction resulted in an unrealized profit of $120,000 for the holder. The individual had initially purchased 8.155 billion PEPE tokens between April 18 and May 15 for about $800,000. With the rise in SPX prices, the holder's net assets have increased by 16%. The relevant address for this transaction is 0x6bda08bc88604f79994859b942eabdbdb7bc068a.