Some information has emerged about the largest Pepe Coin (PEPE) owner. The person behind this address comes up with a heavy investment despite the risks of concentrating on the short-term future of trend meme coin. Currently, the investor has more than $1 million in tokens in his wallet. Here are the details…
High interest in PEPE despite risks
Analysts have expressed concerns about the behavior of investors who bought relatively large amounts of PEPE after it was launched on Ethereum and raised the starting capital of around $1,200 to over $9 million in just a few days. cryptocoin.com As we reported, the frenzy surrounding the frog-themed token last week brought its market value of several thousand dollars to over $150 million. It created a lot of excitement by drawing liquidity from traders and promoting a large number of similar tokens on other Blockchains.
The amount of liquidity released remains a cause for concern. Data shows that trading pools for Pepe coin on decentralized exchange Uniswap have less than $4 million in liquidity as of Tuesday. That’s why a sudden sale by a top owner is likely to bring prices down immediately. Trading volumes for PEPE on centralized crypto exchanges rose to an average of $300 million daily. However, market liquidity remains relatively weak at this point. Again, this could lead to a sharp drop in prices if a large owner liquidates their holdings.
Largest owner of PEPE, also holding SHIB and FLOKI
According to data compiled by @deebs_defi of Flipside Crypto, the wallet holding the largest amount of PEPE is sitting on $1.1 million worth of tokens that it bought for several hundred dollars worth of Ethereum. The same wallet also contains $1.1 million Shiba Inu (SHIB) and $1 million Floki (FLOKI). This indicates that the owner is an active meme coin trader. The investor holds $43,000 worth of Ethereum.
Who are the other whales?
This wallet holds the highest amount of PEPE in one place. However, other top owners may have spread their assets across several wallets. Data from Lookonchain pointed to the movement of five wallets linked to ‘pepecexwallet.eth’, which received funding from the Pepe distributor contract. He states that these wallets have cumulatively purchased more than 8.87 trillion PEPEs for just $385 after the meme coin came out. Also, the data shows that the wallet sold the stash for over $1.23 million days later. So there is a big profit.
These sales were mostly through Uniswap. A smaller amount was also sold on the crypto exchange Huobi. Crypto analysts like @louround_ on Twitter pointed out some data for the meme coin last week. Based on data from the wallet analytics tool Bubblemaps, analysts revealed that 3% of PEPE assets are linked. This 3 percent corresponds to $3.78 million worth of tokens. Currently, MEXC Global and Huobi crypto exchanges hold more than 5.5 percent of the supply. This is why these two cryptocurrency exchanges are currently the largest holders of PEPE.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.