Recent Data Shows Whales Shifting from SHIB to PEPE
Whales in the cryptocurrency market have been making headlines recently for their shifting investments. According to recent data, it appears that some whales have been moving away from Shiba Inu (SHIB) towards the newly launched Pepe (PEPE). A recent tweet from LookOnChain suggests that the meme coin trend has diverted whales’ attention from Shiba Inu to Pepe.
We noticed an early buyer of $SHIB also bought $PEPE and $WOJAK.
The SmartMoney started buying $SHIB at a very low price on Jan 30, 2021.
Bought 188.6B $SHIB with $96.5K and sold 95.3B $SHIB for $1.18B.
Currently holds 92.3B $SHIB($929K) and made ~$2M on $SHIB pic.twitter.com/sjMAZJf1J4
— Lookonchain (@lookonchain) May 4, 2023
Crypto Investor SmartMoney Buys PEPE and WOJAK Alongside SHIB
It all began on January 30, 2021, when an early purchaser of SHIB, known as SmartMoney, began purchasing large amounts of the cryptocurrency at a significantly lower price than before. They purchased 188.6 billion SHIB for $96.5 thousand and sold 95.3 billion SHIB for $1.18 million.
Currently, SmartMoney holds 92.3 billion SHIB, which is valued at $929k. They have made approximately $2 million off of their SHIB investment. But it seems that SmartMoney is not putting all its eggs in one basket.
In addition to their SHIB investment, SmartMoney purchased 72.83 billion PEPE, currently worth $95,610, with 19 ETH, currently worth $36,415. They also bought 529 million WOJAK, currently worth $329,315, with 30.5 ETH, currently worth $61,170.
Crypto Investments Show High Volatility
The shift in investment from SHIB to PEPE may be indicative of a broader trend in the market. Some investors may be diversifying their portfolios and looking for new opportunities outside of the current hype around SHIB.
However, it is important to note that cryptocurrency investments can be highly volatile, and market trends can change rapidly. Investors must do their research and make informed decisions before investing.
As the cryptocurrency market continues to evolve, it can be expected to see more shifts in whale investments and new opportunities arise for investors. It is an exciting time for the industry, but investors must remain cautious and informed to navigate the market successfully.
Recent data reveals that whales are shifting their investments from SHIB to PEPE. It indicates a potential trend in the cryptocurrency market. Crypto investor SmartMoney has shown skill in purchasing meme coins, including SHIB, PEPE, and WOJAK. However, caution is needed as the market is highly volatile, and investors must make informed decisions before investing. As the market evolves, new opportunities may arise, but investors must remain cautious and informed.
