Ethereum whales are becoming a member of the most recent memecoin craze by throwing in hundreds of thousands of {dollars} value of their ETH into Pepe (PEPE), a coin now up over 5,000% within the final a number of weeks.
In accordance with blockchain tracker Lookonchain, an Ethereum whale spent almost $3 million on PEPE utilizing Wrapped Bitcoin (WBTC) and ETH.
“A whale purchased 962.3 billion PEPE($2.46 million presently) with 70 WBTC ($2.07 million) and 470 ETH ($937,000) previously two days, with a median shopping for value of $0.000003122.
He has misplaced ~$541,000 on the present value!”
A separate entity noticed by Lookonchain has been much more aggressive, and presently holds $14.4 million value of PEPE.
“This whale is loopy!
He purchased a complete of 760.6B $PEPE with 1,128 ETH ($2.17 million) at a value of $0.000002859…
And presently holds 4.56 trillion PEPE ($14.4 million presently).”
Throughout the rise of PEPE, Lookonchain spotted a number of wallets turning small quantities into fortunes, together with one tackle that attempted its luck on many memecoins.
“A SmartMoney purchased 4 trillion PEPE at a value of two.1 ETH ($4,410) and made roughly $1.71 million!
And this man additionally traded quite a lot of MEME cash.
The SmartMoney found PEPE and spent 2.1 ETH ($4,410) to purchase 4 trillion PEPE six hours after PEPE was listed.
After every value surge in PEPE, he offered a part of PEPE as an alternative of promoting all of them.
He offered a complete of three.27 trillion PEPE for $906,000 and presently holds 700 billion PEPE value $808,000.”
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