According to blockchain tracker Lookonchain, an Ethereum whale spent nearly $3 million on PEPE using Wrapped Bitcoin (WBTC) and ETH.
“A whale bought 962.3 billion PEPE($2.46 million currently) with 70 WBTC ($2.07 million) and 470 ETH ($937,000) in the past two days, with an average buying price of $0.000003122.
He has lost ~$541,000 at the current price!”
A separate entity spotted by Lookonchain has been even more aggressive, and currently holds $14.4 million worth of PEPE.
“This whale is crazy!
He bought a total of 760.6B $PEPE with 1,128 ETH ($2.17 million) at a price of $0.000002859…
And currently holds 4.56 trillion PEPE ($14.4 million currently).”
During the rise of PEPE, Lookonchain spotted several wallets turning small amounts into fortunes, including one address that tried its luck on many memecoins.
“A SmartMoney bought 4 trillion PEPE at a cost of 2.1 ETH ($4,410) and made approximately $1.71 million!
And this guy also traded a lot of MEME coins.
The SmartMoney discovered PEPE and spent 2.1 ETH ($4,410) to buy four trillion PEPE six hours after PEPE was listed.
After each price surge in PEPE, he sold part of PEPE instead of selling all of them.
He sold a total of 3.27 trillion PEPE for $906,000 and currently holds 700 billion PEPE worth $808,000.”
Generated Image: Midjourney
Disclaimer: CryptoNewsBook is an online aggregator that fetches latest crypto news from different sources. This article is provided for general information purposes ONLY and contains data fetched from third party sources; hence, we do not endorse its accuracy. For more details, kindly visit The Source. Please report any fake news or false statement to Our Support Team. If you are the original owner of this content and wish it to be removed on this platform, kindly forward your request to Our Support Team.
Also Note: Cryptocurrencies are unregulated, and no part of this article should be understood nor interpreted as a recommendation/advice. #s8