On-chain data provider Lookonchain has recently focused on the Shiba Inu (SHIB) and PEPE meme coins, identifying three whale addresses that yield high returns on these currencies. The investments made by the whales on these addresses caused them to gain millions of dollars.
Lookonchain allows investors to follow these smart investor addresses and monitor their investments. called. In this way, investors can follow the investments made by these whales and shape their own investments accordingly.
1/ Missed the $PEPE?
We found 3 SmartMoneys that both bought $SHIB and $PEPE early and made millions of USD.
NEWS CONTINUES BELOW– 0x778c made $5.8M on $SHIB and $1.18M on $PEPE.
– 0x2af8 made $3.84M on $SHIB and $1.34M on $PEPE.
NEWS CONTINUES BELOW– cryptopolitan.eth made $2.45M on $SHIB and $695K on $PEPE.
👇— Lookonchain (@lookonchain) May 6, 2023
Smart money whales are considered savvy and experienced investors who quickly buy and sell large amounts of trendy crypto to make quick cash. Market watchers usually follow these addresses closely. All three addresses highlighted by Lookonchain fit that description.
Data from Etherscan shows that one of these addresses purchased 1.31 trillion SHIB for $13.5k in February 2021. The popular meme coin was trading at $0.00000001 at that time. Address sold tokens for $5.81 million in the middle of the bull run, making over $5.8 million in profits.
The same address purchased a total of 396.7 billion PEPE for $9,815 on April 17. This whale later sold its 116.8 billion PEPE for 392 thousand dollars. The address in question currently holds 280 billion PEPE.
The second address started accumulating Shiba Inu as early as April 2021, making a profit of $3.84 million from the SHIB investment. The same address began purchasing PEPE on April 19 this year and received $286,000 and 558.5 billion PEPE. Currently, PEPE has $1.34 million in unrealized profits.
The third address with the domain “cryptopolitan.eth” was purchased at the same time as the first address, in February 2021, from the popular meme coin SHIB, making a profit of $2.45 million from the investment. This address started purchasing PEPE on April 19 and purchased 340 billion PEPE for $103k. PEPE made a profit of $695,000 on its investment.
Smart currencies such as Shiba Inu and PEPE are among the cryptocurrencies that have gained popularity recently. Although these currencies are known as high-risk investment vehicles, they can also have the potential to provide high returns. The addresses in question seem to have benefited from this return.
However, before investing, investors should carefully consider the potential risks and returns of these currencies.
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Source : the crypto basic