Ethereum-based Pepe (PEPE) meme coin is making waves within the crypto market with huge positive aspects over the previous few weeks, turning some sensible cash into millionaires.
Since its launch, the meme coin has rallied greater than 1000% to new all-time highs and now ranks among the many prime 100 crypto asset by market cap, based on Coingecko.
Pepe prints millionaires
On-chain analyst Lookonchain reported three addresses that made greater than $1 million from buying and selling PEPE.
Lookonchain mentioned the primary address purchased 5.4 trillion PEPE tokens with 1 ETH ($2,100). This tackle offered 3.42 trillion PEPE for 929 ETH on April 30 to web a revenue of $1.77 million.
In the meantime, the precise tackle nonetheless holds 2 trillion models of PEPE valued at $2.37 million.
One other dealer, dimethyltryptamine.eth, purchased 5.9 trillion PEPE for 0.125 ETH ($215). The tackle later offered 2 trillion PEPE for 560 ETH ($1.06 million) and nonetheless has 3.9 trillion tokens valued at $2.37 million.
In the meantime, the final address entered the market late, spending 2.3 ETH ($4,822) on 4.22 trillion PEPE. The commerce has turn out to be a revenue after promoting 3.22 trillion PEPE for 670 ETH ($1.3 million), whereas the remaining holding is valued at ($1.18 million).
Over 50 addresses maintain over $1M price of PEPE
Blockchain analytical agency Arkham Intelligence reported that over 50 addresses maintain greater than $1 million price of PEPE.
In response to the agency, one of many earliest consumers of the memecoin was the deployer pockets that spent $2 on 195 billion PEPE tokens. The pockets offered these tokens one week later for 22.94 ETH — $42,200 — and will have made way more if it had been affected person.
Some wallets additionally made a significant profit on another meme token launched inside the identical interval, WOJAK. Cryptoslate knowledge exhibits that it reached an all-time excessive of $0.000451 after rising by 123.2% within the final 24 hours.
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