All three of the highlighted smart money addresses have made millions from investing in Shiba Inu and PEPE during both assets’ bull runs.
Lookonchain, an on-chain surveillance resource, has called attention to three smart money addresses that made millions in profits from investing in Shiba Inu (SHIB) and PEPE right before both assets’ bull runs. Lookonchain has urged investors to keep an eye on these whales.
1/ Missed the $PEPE?
We found 3 SmartMoneys that both bought $SHIB and $PEPE early and made millions of USD.
– 0x778c made $5.8M on $SHIB and $1.18M on $PEPE.
– 0x2af8 made $3.84M on $SHIB and $1.34M on $PEPE.
– cryptopolitan.eth made $2.45M on $SHIB and $695K on $PEPE.
— Lookonchain (@lookonchain) May 6, 2023
Smart money whales are regarded as investors who are knowledgeable of market trends and experienced in trading, with a track record of successful investment decisions proven by on-chain data. Market watchers often put these addresses under close surveillance.
These three addresses highlighted by Lookonchain fit the description. Data from Etherscan suggests that the first address purchased 1.31 trillion SHIB with $13.5K in February 2021 when SHIB was trading at $0.00000001. The address sold the tokens for $5.81 million amid the bull run, netting a profit of over $5.8 million.
This same address started procuring PEPE on April 17, before the hype surrounding the asset gained momentum, purchasing a total of 396.7 billion PEPE with $9,815. The address sold 116.8 billion tokens from its PEPE holdings for $392K. They now hold 280 billion PEPE, with $1.18 million in realized and unrealized profits.
The second address began procuring Shiba Inu as early as April 2021 and made a profit of $3.84 million on his SHIB investment. This address started purchasing PEPE on April 19 of this year, procuring 558.5 billion PEPE with $286K. They now have an unrealized profit of $1.34 million on PEPE.
The third address, with the domain “cryptopolitan.eth,” purchased SHIB in February 2021, at the same time as the first address, raking in a profit of $2.45 million on the investment. This address started buying PEPE on April 19, purchasing 340 billion PEPE with $103K. They’ve secured a profit of $695K on the PEPE investment.
Meanwhile, as of press time, Shiba Inu is down 1% in the past 24 hours, currently changing hands at $0.0000097 while PEPE is presently trading for $0.00000311, up 34% in the past 24 hours. SHIB has plummeted below the support at $0.00001 for the first time in a long time. The asset is looking to recover the price zone in order to mitigate risks of further declines.
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