• The analytics platform reported that SmartMoney earned $3.84 million by swapping their $SHIB for $PEPE.
• SmartMoney’s technique was to switch its $SHIB holdings to Gate.io & KuCoin.
• Lookonchain suggests following the SmartMoney pockets deal with for potential memecoin investments.

SmartMoney reportedly earned roughly $3.84 million from its funding in $SHIB. In line with Lookonchain, as a part of their funding technique, they swapped a few of their $SHIB holdings for $PEPE, shopping for $325 billion models of $PEPE for $700,000. The quantity of $SHIB used within the transaction was $6 billion, which had a worth of $67,000.

The information analytics platform referred to as it a “clever choice”. Moreover, Lookonchain shared that in April 2021, SmartMoney bought 133 billion models of $SHIB at a complete price of $224,000. Nevertheless, on Could 7 and 9, they transferred these models to Gate.io.

The platform mentioned if SmartMoney had been capable of promote all 133 billion models on the present switch worth, they’d obtain $1.13 million, which might translate to a revenue of round $903,000.

$SHIB transactions made by SmartMoney

In the meantime, on July 7, 2021, SmartMoney bought $49 billion models of $SHIB from Gate.io at a complete price of $417,000. They then transferred these models to Gate.io and KuCoin on October 28. Lookonchain mentioned in the event that they bought all 49 billion models on the present switch worth, they’d obtain $3.36 million, which might translate to a revenue of round $2.94 million.

Moreover, SmartMoney “bought 49 billion models of $SHIB from Gate.io and KuCoin on November 11, 2022, at a complete price of $475,000. They held these models of $SHIB till $PEPE be listed, by which case they purchased not solely $PEPE but additionally different memecoins akin to $BABYPEPE and $PEPET.The choice proved worthwhile as a result of they had been capable of finding the subsequent massive factor after $SHIB, thus investing succeeded.