Five crypto addresses are a highly volatile new one this month. meme coin After trading, he bought it for a total value of over one million dollars.
Blockchain tracker Lookonchain reported that five addresses related to the same wallet purchased 8.87 trillion PEPE, a new token inspired by the controversial “Pepe the Frog” memes, for around $385 worth of Ethereum (ETH) in early April. reported.
1/ We found that 5 addresses related to pepecexwallet.eth bought 8.87T $PEPE at a low price, and the cost was ~0.19 $ETH ($385).
Then left 7.76T $PEPE for $1.23M on #DEXmade nearly $1.23M (3,200x)! pic.twitter.com/hIvTJX6UTK
NEWS CONTINUES BELOW— Lookonchain (@lookonchain) April 24, 2023
Koinfinans.com As we reported, the addresses were later released later in the month for 7.76 trillion dollars for 1.23 million dollars. PEPE sold it. Lookonchain states that it is “likely” that these addresses are some of the internal addresses of the Pepe project.
Historically, new crypto- meme coins tend to be extremely volatile. It can suffer from high concentrations of wealth and high risks of pump and dump price collapses.
Security detection platform GoPlus Labs reports that there are some risks associated with PEPE trading, such as an anti-whale measure aimed at limiting the number of tokens that can be purchased at the same time, the possibility of changing the measure, and a blacklist that can prohibit certain users from purchasing tokens.
PEPE is trading at $0.000000264 at the time of writing. The 272nd-ranked crypto asset by market cap has lost more than 7.5% in the last 24 hours. But it has risen more than 300% since its launch on April 17.