- Lookonchain discovered 5 wallets that earned practically $1.23 million buying and selling PEPE.
- The addresses are linked to the wallets of the PEPE meme coin workforce.
- PEPE has a market share of $113 million and a transaction quantity of greater than $37 million.
Common market tracker Lookonchain has uncovered a number of addresses linked to the PEPE coin workforce pockets, pepecexwallet.eth, which have made a big revenue shopping for and promoting PEPE tokens recently.
It revealed that 5 addresses purchased 8.87 trillion PEPE at a low value of 0.19 ETH, or round $385. Nevertheless, they bought 7.76 trillion PEPE for a whopping $1.23 million on a decentralized trade, making a revenue of practically $1.23 million, a staggering 3,200x return on funding.
Lookonchain gave a breakdown of how the recognized wallets made a number of purchases of the meme coin to amass a rare revenue. Within the first transaction, the pockets with the deal with “0xAd10” used 0.0195 models of ETH price $39.3 to purchase 2.44 trillion PEPE. The pockets then transferred the bought PEPE to a different with the deal with “0x9807”.
Within the second transaction, the pockets with the deal with “0x9807” used 0.11 models of a special crypto referred to as WETH, price $230.84, to purchase 0.06 trillion PEPE. The pockets then transferred its PEPE to a different with the deal with “0x7607”.
Within the remaining transaction, the pockets with the deal with “0x7607” used 35 ETH to purchase 1.77 trillion models of PEPE and bought all of it, which equaled 4.26 trillion models, for 726 $218. Transaction histories are verifiable on Debank, a well-liked platform that permits customers to trace and analyze market information.
Notably, PEPE is a brand new meme coin launched in mid-April 2023, with a circulating provide of 420 trillion tokens and a market share of $113 million.
