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PEPE Price Rise Turns Meme Token Holders into Millionaires

by Vaibhav
May 2, 2023
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The material is published for informational purposes only and does not constitute an investment recommendation. Cryplogger is not responsible for the investment decisions of readers.

Pepe’s (PEPE) jump to 85th place in the capitalization ratings brought millions of dollars in profit to holders of the meme token.

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$PEPE Made overnight millionaires 🀯 as it went from a shitcoin with barely 100k in liquidity to a top #85 token πŸ“ˆ πŸ’Έ

Here’s the wallets πŸ‘› and tools πŸ”§ i created to help you track wallets early to $PEPE so that you don’t miss the next memecoin run again! 🀫

πŸ‘‡
0/6 pic.twitter.com/GmLre8ac0f

β€” Defi_Mochi (mochi, mochi 🍑) (@defi_mochi) May 1, 2023

User defi_mochi shared wallets and tools for tracking dynamics so as not to miss a new pump.

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When analyzing volumes on the DEX, the specialist did not find anything β€œstrange”, except for two huge spikes among the days with low volatility – April 27 and 28. He suggested that the accumulation of the token by the whales was behind this. He identified two addresses associated with them.

Wallet #1: 0x9bcb2

The owner purchased PEPE for $217,000 at a price of $0.000000240. The average purchase price was $0.000000259 (at the time of writing $0.00000128). In just two weeks, this brought him a solid profit of $1,493,057.

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The same user made 5x in a week on WOJAK transactions – the purchase price was $0.000085581 ($0.00030546). He allocated $20,000 for transactions with this asset.

Wallet #2: 0x615

The owner created it a little earlier than 0x9bcb2, allocating $223,000 to buy PEPE at a price of $0.000000235. As a result, he earned an “incredible” $937,573.

The investor does not hold other positions in meme tokens. He managed to fix a profit of ~$120,000 on the PEPE pump.

defi_moch offered to track literally every “shitcoin” through the corresponding dashboard on Dune Analytics.

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Recall that the MEV-bot received ~$1.5 million in profits in pairs with PEPE, spending $1.3 million on gas.

Arkham analysts have recorded that the user dimethyltryptamine.eth earned over $2 million in less than a week on transactions with the mem-token.

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