- Lookonchain has highlighted three smart money addresses that made millions in profits from investing in Shiba Inu (SHIB) and PEPE before both assets’ bull runs.
- Smart money addresses are regarded as experienced investors with a track record of successful investment decisions based on on-chain data.
Smart Money Whales Make Millions Investing in Shiba Inu and PEPE
Lookonchain has recently called attention to three smart money addresses that have made millions in profits from investing in Shiba Inu and PEPE before the assets’ bull runs. These addresses are regarded as knowledgeable investors who are experienced in trading and have a successful track record of investment decisions based on on-chain data. Market watchers often put these addresses under close surveillance.
Data Shows Significant Profits Made by the Three Addresses Highlighted by Lookonchain
According to data from Etherscan, the first address purchased 1.31 trillion SHIB with $13.5K in February 2021, when SHIB was trading at $0.00000001. The address sold the tokens for $5.81 million amid the bull run, netting a profit of over $5.8 million. This same address started procuring PEPE on April 17, before the hype surrounding the asset gained momentum, purchasing a total of 396.7 billion PEPE with $9,815.
The address sold 116.8 billion tokens from its PEPE holdings for $392K. They now hold 280 billion PEPE, with $1.18 million in realized and unrealized profits.
The second address began procuring Shiba Inu as early as April 2021 and made a profit of $3.84 million on his SHIB investment. This address started purchasing PEPE on April 19 of this year, procuring 558.5 billion PEPE with $286K. They now have an unrealized profit of $1.34 million on PEPE.
The third address, with the domain “cryptopolitan.eth,” purchased SHIB in February 2021, at the same time as the first address, raking in a profit of $2.45 million on the investment. This address started buying PEPE on April 19, purchasing 340 billion PEPE with $103K. They’ve secured a profit of $695K on the PEPE investment.
1/ Missed the $PEPE?
— Lookonchain (@lookonchain) May 6, 2023
Current Prices of Shiba Inu and PEPE
As of press time, Shiba Inu is down 1% in the past 24 hours, currently changing hands at $0.0000097, while PEPE is presently trading for $0.00000311, up 34% in the past 24 hours. SHIB has plummeted below the support at $0.00001 for the first time in a long time. The asset is looking to recover the price zone in order to mitigate risks of further declines.