Crypto News

Smart Money Backs $PEPE Amid Market Downturn

Despite the market’s recent decline, $PEPE continues to attract significant interest from Smart Money investors.

Over the past three hours, notable wallets have made substantial purchases of the token, showing confidence in its potential.

Wallet 0xe99b, tracked on (…), recently acquired 17.23 billion $PEPE tokens for $141.28K at an average price of $0.000008204. This wallet now holds a total of 60.48 billion $PEPE, valued at $496.69K.

Similarly, Wallet 0x869a (…) bought 18.71 billion $PEPE for $150K at an average price of $0.000008014. This brings its total holdings to 93.45 billion $PEPE, currently worth $767.42K.

Multiple Investors Buys Significant Amount Of $PEPE

Another significant investor, Wallet 0xe8be (…), known as Degen12345, purchased 8.97 billion $PEPE for $71.54K at an average price of $0.000007973. Degen12345 now holds 82.08 billion $PEPE, with a current value of $674K.

Additionally, Wallet 0x7777 (…), identified as 我发现了金狗.eth, swapped 151K USDC to receive 18.79 billion $PEPE, worth $154K.

Investors should remain cautious as market dynamics evolve, particularly with potential impacts from Mt.Gox’s actions on $BTC’s price. It’s crucial to manage capital wisely during these volatile times.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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