3 Addresses Early Join PEPE And SHIB Win Millions Of Dollars

Key Points:

• According to on-chain data, 3 SmartMoney addresses have made millions of dollars early participating in the hit memecoins PEPE and SHIB.
• The most profitable address earns $3.84 million on SHIB and $1.34 million on PEPE.
• PEPE is rocking the memecoin market with skyrocketing profits driving the market cap past $1 billion in just a few weeks of its launch.

According to Lookonchain data, there are 3 Smartmoney addresses that bought PEPE and SHIB in the early stages, and all achieved millions of dollars in profits.

Addresses starting with 0x778c made profits of US$5.8 million and $1.18 million, respectively, by trading SHIB and PEPE. Addresses beginning with 0x2af8 earned profits of US$3.84 million and US$1.34 million, respectively, by trading SHIB and PEPE. The address marked as “cryptopolitan.eth” on the chain made profits of $2.45 million and $695,000, respectively, by trading SHIB and PEPE.

Specifically, 0x778c started buying SHIB on February 2, 2021. This address bought a total of 1.31 trillion dollars SHIB for 13.5 thousand dollars and sold it for 5.81 million dollars, profit of approximately $5.8 million. This address started buying PEPE on April 17, and it bought out $396.7 billion PEPE for $9,815 and sold 116.8 billion PEPE for $392k. He is left with 280 billion PEPE ($799K), and profit is about $1.18 million.

0x2af8 started buying SHIB on April 16, 2021, and earned about $3.84 million on SHIB. He bought 558.5 billion PEPE ($1.6 million currently) for $286k as of April 19, a profit of about $1.34 million.

Remaining address cryptopolitan.eth started buying SHIB on February 1, 2021. He bought out 1.66T SHIB for $1.6M and sold for $4.05M. Profit was about $2.45 million. This address started buying $PEPE on April 19, having bought $340 billion in PEPE for 49.5 $ETH ($103K). Then sold 56 billion PEPE for 64.4 ETH ($121k) and transferred 181 billion PEPE ($356k) to Binance, moving 7.5 billion PEPE ($23k) to 0x13df. It is left with 95.5 billion $PEPE ($298K), and profit is about $695K.

The popularity of PEPE has made its profits skyrocket. Its market cap soared past $1 billion in just a few weeks of its launch, leaving investors strongly intrigued despite warnings of an impending crash.

Besides, with the recent popularity of Memecoin, several honeypot tokens with the same name as Memecoin have appeared. 0xBc…8Faa has issued many popular Tokens of the same name, such as PEPE, POGAI, TURBO, etc, on Arbitrum for profit.

The basic method is to push these Tokens of the same name to the top position in custodian platforms like Dex Screener and DexTools through swiping trading volume and adding more liquidity, attracting users to buy and then sell a large number of Reserved Tokens when the price rises to a certain extent break the market to make a profit.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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