Wallets Earn $1M Revenue by Investing $385 in PEPE: Analytics Platform

• Lookonchain discovered 5 wallets that made virtually $1.23 million buying and selling PEPE.
• The addresses are associated to the PEPE meme coin staff wallets.
• PEPE has a market share of $113 million and a buying and selling quantity exceeding $37 million.

The favored market tracker Lookonchain has uncovered a number of addresses associated to the pockets of the PEPE meme coin staff, pepecexwallet.eth, which have made a major revenue by shopping for and promoting PEPE tokens recently.

It revealed that 5 addresses purchased 8.87 trillion PEPE at a low value of 0.19 ETH, which amounted to roughly $385. Nonetheless, they bought 7.76 trillion PEPE for a whopping $1.23 million on a decentralized trade, making a revenue of practically $1.23 million, a staggering 3,200x return on funding.

1/ We discovered that 5 addresses associated to pepecexwallet.eth purchased 8.87T $PEPE at a low value, and the associated fee was ~0.19 $ETH ($385).Then bought 7.76T $PEPE for $1.23M on #DEX, made practically $1.23M (3,200x)! pic.twitter.com/hIvTJX6UTK

— Lookonchain (@lookonchain) April 24, 2023

Lookonchain gave a breakdown of how the recognized wallets made a number of purchases of the meme coin to amass a rare revenue. Within the first transaction, the pockets with the deal with “0xAd10” used 0.0195 items of ETH value $39.3 to buy 2.44 trillion PEPE. The pockets then transferred the bought PEPE to a different with the deal with “0x9807”.

Within the second transaction, the pockets with the deal with “0x9807” used 0.11 items of a special crypto known as WETH, value $230.84, to buy 0.06 trillion PEPE. The pockets then transferred its PEPE to a different with the deal with “0x7607”.

Within the closing transaction, the pockets with the deal with “0x7607” used $35 ETH to buy 1.77 trillion items of PEPE and bought all, which amounted to 4.26 trillion items, for $726,218. The transaction histories are verifiable on Debank, a well-liked platform that enables customers to trace and analyze market knowledge.

Notably, PEPE is a brand new meme coin launched in mid-April 2023, with a circulating provide of 420 trillion tokens and a market share of $113 million.

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