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Ethereum Whales Convert Millions of Dollars in ETH to Shiba Inu (SHIB) Competitor: On-Chain Data

by Cuevas Antonio
May 9, 2023
in Altcoin
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Ethereum Whales Convert Millions of Dollars in ETH to Shiba Inu (SHIB) Competitor: On-Chain Data
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Ethereum whales are becoming a member of the newest memecoin craze by throwing in hundreds of thousands of {dollars} value of their ETH into Pepe (PEPE), a coin now up over 5,000% within the final a number of weeks.

In line with blockchain tracker Lookonchain, an Ethereum whale spent almost $3 million on PEPE utilizing Wrapped Bitcoin (WBTC) and ETH.

“A whale purchased 962.3 billion PEPE($2.46 million at present) with 70 WBTC ($2.07 million) and 470 ETH ($937,000) previously two days, with a mean shopping for worth of $0.000003122.

He has misplaced ~$541,000 on the present worth!”

Image
Supply: Lookonchain/Twitter

A separate entity noticed by Lookonchain has been much more aggressive, and at present holds $14.4 million value of PEPE.

“This whale is loopy!

He purchased a complete of 760.6B $PEPE with 1,128 ETH ($2.17 million) at a worth of $0.000002859…

And at present holds 4.56 trillion PEPE ($14.4 million at present).”

Image
Supply: Lookonchain/Twitter

In the course of the rise of PEPE, Lookonchain spotted a number of wallets turning small quantities into fortunes, together with one deal with that attempted its luck on many memecoins.

“A SmartMoney purchased 4 trillion PEPE at a value of two.1 ETH ($4,410) and made roughly $1.71 million!

And this man additionally traded numerous MEME cash.

The SmartMoney found PEPE and spent 2.1 ETH ($4,410) to purchase 4 trillion PEPE six hours after PEPE was listed.

After every worth surge in PEPE, he offered a part of PEPE as an alternative of promoting all of them.

He offered a complete of three.27 trillion PEPE for $906,000 and at present holds 700 billion PEPE value $808,000.”

Image
Supply: lookonchain/Twitter

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Cuevas Antonio

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