Lookonchain Shares Details of User Who Bought 3.79T PEPE for $1M

Onchain analyst Lookonchain shared details of an individual that has spent nearly 1 million USD to purchase PEPE Coin. According to the on-chain data, the user acquired 3.79 trillion PEPE with 422 ETH and 100K USDC.

The purchase was made from April 19 to April 2022 for an average price of $0.0000002563. This fleet of purchases has also made the user the tenth-largest holder of PEPE.

During its initial days, PEPE gained significant attention due to a noteworthy transaction that drew the interest of the cryptocurrency community on Twitter.

A meme coin trader traded 0.125 ETH, which was valued at approximately $250, for 5.9 trillion PEPE tokens. As interest in the meme coin grew, the value of these coins surged to about $1.8 million by April 19, 2023, potentially resulting in a return of approximately 4,500 times the initial investment.

Last week, there was a great deal of excitement surrounding the PEPE Coin, resulting in its market capitalization skyrocketing from just a few thousand dollars to over $150 million. This created a huge amount of buzz, drawing liquidity from traders and inspiring the creation of many similar tokens on other blockchains.

As of now, PEPE is being traded at $0.0000002238, with a decline of 9% in value over the last 24 hours. According to CoinMarketCap data, PEPE reached an all-time high of $0.0000004036 before dropping to its current price. However, it remains uncertain whether it is a short-lived pump and dump or another significant meme coin.

Comments

Post a Comment

Popular posts from this blog

3 Top Trending Tokens of 2024: Solana, Retik Finance, Shiba Inu

Image
As we enter 2024, the crypto world eagerly speculates which blockchain projects could dominate the upcoming year. Analyzing recent traction, developments, and market dynamics, we can spotlight the top trending tokens poised for greatness when midnight strikes.Three digital assets are prime contenders to lead the 2024 charge - Solana, Retik Finance, and Shiba Inu. Each brings unique attributes to capture investor attention and potentially mainstream adoption. Solana - The Speed Demon Known as one of the fastest and most scalable blockchain networks, Solana has already witnessed tremendous growth since launching in 2020. Yet 2023 seemingly marked a turning point, with several bullish events driving momentum.Most recently, Solana hosted its long-awaited IGNITION conference, drawing over 1,400 attendees and coinciding with a 70% price pump for its SOL token. The team also committed over $100 million to initiatives like Web3 mobile phones and an updated Solana wallet.With blazing tran
Read more

Missed Solana Rise, These Altcoins Might Rise Higher

Image
If there was one coin that exceeded even the most positive expectations it would be Solana (SOL). The December performance of the coin showed that anything is possible for the crypto market and it might not be the only cryptocurrency that stands to gain from the growing interest in altcoins. The coin experienced 59.5% to 69.7% surges in the span of weeks and days, which must have been very encouraging for those who believed in it and had already accumulated significant amounts.  Missing out on such a rapid ascent hurt many crypto enthusiasts, but nothing is lost for those who failed to buy into Slana (SOL) in time. We did our best to compile a list of those altcoins that could be ready to experience significant gains over the next several weeks, or months, and we believe that these coins have the potential to surpass the rates of Solana (SOL). Top Altcoins That Might Rise Higher ScapesMania : Promising newcomer in presale, offering early investment benefits. Aptos (
Read more

3 Tokens That Could Give 25x Returns in 2024

Image
The crypto market is known for its extreme volatility and ability to produce incredible returns within short periods. As we enter 2024, many wonder which cryptocurrencies have the potential to rally hard and deliver outsized gains to investors. Three tokens—Shiba Inu (SHIB), Retik Finance (RETIK), and Dogecoin (DOGE)—stand out due to their solid foundations and unique value propositions. Shiba Inu (SHIB) - The Top Meme Coin Contender Shiba Inu entered the crypto scene in 2020 as a self-proclaimed "Dogecoin killer." Shiba Inu's (SHIB) cute Shiba Inu theme quickly captivated investors and grew an extremely passionate community. In 2021, Shiba Inu (SHIB) delivered mind-blowing 43 million percent gains as speculation went parabolic.Although Shiba Inu has retreated significantly from its all-time high of $0.000088, it remains a top contender to rally hard in the next bull market. As one of the most prominent meme coins with a robust ecosystem, there is substantial confid
Read more