A recent tweet from on-chain analyst Lookonchain revealed an intriguing series of transactions involving PEPE.
A smart trader deposited 500 ETH (equivalent to $937K) into Binance and withdrew a whopping 677 billion PEPE, valued at $941K. The buying price was a mere $0.000001385 per PEPE.
This wasn’t the trader’s first rodeo with PEPE. On May 1, they spent 100 ETH ($187K) to buy 134 billion PEPE. They then withdrew 122 billion PEPE ($130K) from OKX, a popular cryptocurrency exchange, just 12 hours before Binance announced it would be listing PEPE.
The story doesn’t end there. After Binance announced the listing of PEPE, the SmartMoney deposited all 256 billion PEPE ($504K) into OKX, walking away with a profit of approximately $187K.
These series of transactions highlight the potential for profit in cryptocurrency trading. However, it’s important to note that such moves require a deep understanding of the market and a high tolerance for risk.
As of now, the price of PEPE stands at $0.000001317 with a 24-hour trading volume of $114,248,786. The current market cap is $515,466,617, placing PEPE at the 75th rank in the global cryptocurrency market.
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Show more +PEPE is a deflationary meme coin launched on the Ethereum blockchain. It was created as a tribute to the Pepe the Frog internet meme, which gained popularity in the early 2000s. The coin has a maximum supply of 420,690,000,000,000, with a circulating supply of 391,790,000,000,000 PEPE coins.
Crypto realm is filled with opportunities for those who know how to navigate its turbulent waters. The story of PEPE and the Smart trader is a testament to this. However, it’s crucial to remember that while the potential for profit is high, so is the risk. Always do your own research and make informed decisions.
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