Blockchain tracker Lookonchain has noticed an Ethereum (ETH) handle that managed to flip $251 into potential income of over $1 million on a brand new trending meme coin.
Lookonchain says the dealer, who has but to shut out his place at time of writing, has made about 4,500x on his principal funding by going lengthy on PEPE, a coin impressed by the well-known “Pepe the Frog” memes.
In line with DexTools, PEPE ran up greater than 640,000% from its launch worth, and is at the moment buying and selling at $0.000000328, about 10% down from its all-time excessive.
“The SmartMoney is the luckiest man I’ve seen not too long ago.
He spent 0.125 ETH ($251) to purchase 5.9T PEPE ($1.14M at the moment) 4 days in the past.
If he sells on the present worth of $0.0000001933, he’ll get a revenue of ~$1.14M, greater than 4,500x.”
PEPE has managed to crack its means into the highest 250 crypto property by market cap, and is at the moment the best-performing coin within the final 24 hours inside the prime 250.
Lookonchain says a bunch of Ethereum addresses have been displaying impeccable talents to seize meme coin explosions.
“You may be excited about these 4 SmartMoneys.
They purchased PEPE and AIDOGE earlier and have achieved 10x+ positive aspects to this point.
Observe these addresses to see what MEME cash they may purchase subsequent.”
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