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The blockchain tracking firm Lookonchain highlighted the latest Pepe ($PEPE) trading activity for smart money investors via a Twitter thread this morning. The first whale discussed was 0x9cd6, who recently bought 7.3 billion $PEPE with 11 Ethereum ($ETH). It was estimated that the Dollar value of the trade was worth $20,861.
This whale then started purchasing $PEPE again after selling 1.75 billion coins for 2,128 $ETH, worth approximately $4.18 million, in a profit-taking move. Finally, 0x9cd6 bought 936.5 billion $PEPE with 1,374 $ETH at the buying price of $0.000002922.
Meanwhile, the whale 0x45cf continued to sell his $PEPE and bought 227 million CAPY using 1 $ETH. In addition, the tweet mentioned that qianbaidu.eth had bought $PEPE again after recently selling Turbo ($TURBO). In the past 24 hours, the whale bought 194 billion $PEPE using 271 $ETH at a purchase price of $0.000002649.
With regards to the whale’s $TURBO trades, the trader bought 285 million $TURBO using 382 $ETH, and then closed the position for 246 $ETH. As a result, qianbaidu.eth lost around 136 $ETH, estimated to be worth $291K, on the $TURBO trades.
Lastly, the whale 0x13b3 recently sold 99 billion $PEPE for 256K USD Coin (USDC) at an average selling price of $0.000002585. Despite this dump by the whale, the address reportedly still holds 400 billion $PEPE worth $1 million.
Daily chart for $PEPE/USDT (Source: TradingView)
At press time, CoinMarketCap indicated that $PEPE’s price was down 4.16% and trading at $0.000002451. The altcoin was also down 1.89% against Bitcoin (BTC) and 2.56% against $ETH. In addition to this, $PEPE was trading notably closer to its 24-hour low of $0.000002395 than its daily high of $0.000003093.
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