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Whale Accumulates PEPE Coin. Meme Coins Still Attractive

Pepe is a meme coin built on the Ethereum network. The project’s logo is a green frog, which is already famous on the internet, and this is what inspired the development team to build this project.

Their slogan: “…the dogs have had their day, it’s time for PEPE to take over.” This shows that PEPE coin will put an end to the dominance of dog meme coins.

Whale action in PEPE begins

Spot On Chain has just discovered two traders who are considered smart traders and whales who have started buying more tokens – these two traders are people who have bought this token very early on.

One trader with a wallet address of 0x025 had previously bought 3.7T tokens (about 329 $ETH) on April 17 and had sold all the tokens purchased on May 31. This trader’s ROI was 429% (1,414 $ETH).

Wallet address 0x025 has just started showing signs of buying token again on July 10. The trader spent $400k USDT to buy 263B $PEPE. The current average price of this wallet address is $0.00000152.

The second wallet address that Spot On Chain discovered is KOL osf.eth (Twitter @osf_rekt). This KOL had previously bought 1.6T $PEPE (51 $ETH) on April 18, but after just one day, he sold all the tokens he had bought and made back 143 $ETH.

He is buying more 694B $PEPE at an average price of $0.0000016 since June 1. So far, this KOL’s ROI is -5.1% (-$56.7k).

Overall, both traders seem to have a good understanding of the market and are able to identify promising investment opportunities. However, it is important to note that investing in cryptocurrency is inherently risky, and past performance is not necessarily indicative of future results.

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