A persistent trader with a knack for hunting memecoin trends has managed to lock in substantial profits in the theย previousย 30ย days, reportsย by blockchainย tech sleuthing company Lookonchain.
Lookonchain reveals that a trader made hundreds of Ethereumย (ETH) over the theย previousย 30ย days trading Pepe Coin (PEPE) and another very low-cap altcoin.
The entityโs profits on PEPE amounted to 32x, reportsย by the firm.
โSharing a super memeย cryptocurrency hunter who earned 562.64 Ethereumย (ETH) ($1.06 million) in the past month!
โ Made 189.5 Ethereumย (ETH) ($345,306, 4x gains) on RFD.
โ Made 127 ETH($248,697, 32x gains) on PEPE.โ
Lookonchain reveals the memecoin hunter traded a total of 104 different cryptoย tokens in the past 30ย days, of which 66 were profitable, giving the trader a win price of 63.5%.
The blockchainย tech tracking company has informed a number of traders who took advantage of the substantial rallies in PEPE as of late.
Lookonchain informed on a trader earlier theseย 30ย days who made 48x on his PEPE trades. The same trader then took their profits and reinvested them back into PEPE on itsย value dip. On-chain data shows the entity selling their Ethereumย (ETH) for more PEPE on decentralized cryptocurrency exchange Uniswap (UNI).
โA SmartMoney who made 1,219 Ethereumย (ETH) ($2.2 million) on PEPE spent 1,173 Ethereumย (ETH) ($2.1 million) to buy 1.33 trillion PEPE againโฆ The buying price is $0.000001586.
He purchased 2.24 trillion PEPE with 26 Ethereumย (ETH) ($48,000) at $0.00000002166, then sold for 1,245 Ethereumย (ETH) ($2.24 million) at $0.0000009985, with a gain of 48x.โ
Atย theย momentย ofย writing, PEPE is trading for $0.000002, mostly sideways on the week.
Featured Image: Shutterstock/Perfect Lazybones/Natalia Siiatovskaia
