As cryptocurrencies continue to gain mainstream attention, the world of meme coins is thriving. One such coin that has gained a significant following is the Pepe coin.
According to a recent tweet from LookOnChain, the top 10 most profitable addresses on PEPE show a mix of buying and selling activities. The leaderboard reveals that dimethyltryptamine.eth and 0x45cf have made the most significant profits, with the highest Return on investment (ROI). While, 0x9cd6 bought a massive 7.3 billion PEPE with 11 $ETH ($20,861)and continued to buy more after taking some profits.
Meanwhile, qianbaidu.eth has been busy buying and selling PEPE, purchasing 194 billion Pepe coins with 271ETH ($514K) at $0.000002649 in the past 24 hours. They also bought 285 million TURBO with 382 ETH and sold it for 246 ETH, resulting in a loss of 136 ETH or $291K.
Interestingly, 0x13b3 sold 99B PEPE for 256K USDC, earning $25.5K at $0.000002585 just two hours ago, but still holds onto 400B $PEPE, worth $1 million.
The PEPE SmartMoneys are keeping a close eye on the market and taking advantage of the price fluctuations to make a profit. While some buy, others sell and explore other Meme coins like Capybara (CAPY) and TURBO.
At the time of writing, the PEPE token was experiencing a bearish sentiment, with its price decreasing by 6.95%. Currently, the meme coin is being traded at $0.000002386 and has a support level of $0.000002383 and a resistance level of $0.000003093.
