PEPE price rally turns meme-token holders into millionaires

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Pepe (PEPE) surge into the 85th spot on the market-cap ranking has delivered millions of dollars in profits to holders of the meme token.

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$PEPE Made overnight millionaires ? as it went from a shitcoin with barely 100k in liquidity to a top #85 token ? ?

Here’s the wallets ? and tools ? i created to help you track wallets early to $PEPE so that you don’t miss the next memecoin run again! ?

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0/6 pic.twitter.com/GmLre8ac0f

— Defi_Mochi (mochi, mochi ?) (@defi_mochi) May 1, 2023

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The user defi_mochi shared wallets and tracking tools to monitor momentum and avoid missing the next pump.

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In analyzing volumes on DEX, the analyst did not find anything ‘odd,’ aside from two large spikes amid days of low volatility — April 27 and 28. He suspected whale accumulation behind it. He identified two addresses associated with them.

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Wallet #1: 0x9bcb2

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The owner bought PEPE for $217,000 at a price of $0.000000240. The average buy price was $0.000000259 (the rate at the time of writing $0.00000128). In just two weeks this earned him a solid profit of $1,493,057.

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This same user also 5x’d in a week on WOJAK trades — the purchase price was $0.000085581 ($0.00030546). He allocated $20,000 to this asset.

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Wallet #2: 0x615

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The owner created it slightly earlier than 0x9bcb2, allocating $223,000 to buy PEPE at $0.000000235. As a result he earned \”incredible\” $937,573.

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He does not hold other meme-token positions. He managed to lock in profits of about $120,000 on the PEPE pump.

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defi_moch suggested tracking basically every \”shitcoin\” via the corresponding dashboard on Dune Analytics.

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As reported, the MEV bot earned about $1.5 million in PEPE pairs, spending $1.3 million on gas.

Arkham analysts noted that user dimethyltryptamine.eth in less than a week earned over $2 million in memecoin trading.

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