Big money investors are making huge amounts of Pepe (PEPE) after the price of memecoin plummeted.
Blockchain tracker Lookonchain has discovered three crypto whales buying over two trillion Pepe.
“Three whales started buying PEPE after the price dropped.
- 0x50C1 bought 1.4 trillion PEPE ($2.76 million) from Binance when the price was $0.00002054.
- 0x2Baa bought 212 billion PEPE ($429,000) at $0.00001942.
- 0x3AE8 bought 424 billion PEPE ($864,000) for $0.00001957.”
Pepe is trading for $0.0000185 at press time, down 5.5% over the past 24 hours.
The meme token is down 56.97% from its all-time high of $0.00000431, reached on May 5. Pepe, the 60th largest cryptocurrency by market capitalization.
Pepe has spiked from an all-time low of $0.00000055142, recorded on April 18.
Lookonchain has previously noticed a number of crypto whales buying PEPE when the price started to skyrocket, reaping huge returns on their investments.
“One SmartMoney bought 4 trillion PEPE with 2.1 ETH ($4,410) and made around $1.71 million!
SmartMoney discovered PEPE and spent 2.1 ETH ($4,410) to buy four trillion PEPE six hours after PEPE was listed.
After each PEPE increases in price, he sells a portion of PEPE instead of selling it all. He sold a total of 3.27 trillion PEPE for $906,000 and currently holds 700 billion PEPE worth $808,000.”