Frog

Pepe

April

Shiba Inu

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	<p>As the popularity of meme coins continues to grow, the spotlight has shifted to the mysterious investors who have made millions from early investments in Shiba Inu (SHIB) and Pepe Coin (PEPE). Amidst market fluctuations, these so-called &#8220;crypto whales&#8221; have managed to turn their initial bets into substantial profits.</p>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
<p lang="en" dir="ltr">1/ Missed the <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$PEPE</a>?</p>
<p>We found 3 SmartMoneys that both bought <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$SHIB</a> and <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$PEPE</a> early and made millions of USD.</p>
<p>&#8211; 0x778c made $5.8M on <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$SHIB</a> and $1.18M on <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$PEPE</a>.</p>
<p>&#8211; 0x2af8 made $3.84M on <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$SHIB</a> and $1.34M on <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$PEPE</a>.</p>
<p>&#8211; cryptopolitan.eth made $2.45M on <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$SHIB</a> and $695K on <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$PEPE</a>.<br /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;" /></p>
<p>&mdash; Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1654745103557341184?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">May 6, 2023</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Both Shiba Inu and Pepe Coin are <a href="https://crypto.ro/en/education/best-crypto-to-buy-now/#what-are-meme-crypto-coins">meme-based cryptocurrencies</a> that have gained popularity in recent months. <a href="https://crypto.ro/en/cryptocurrencies/shiba-inu/">Shiba Inu (SHIB)</a> was created as an alternative to <a href="https://crypto.ro/en/cryptocurrencies/dogecoin/">Dogecoin</a>, with the goal of surpassing it in popularity, while <a href="https://crypto.ro/en/cryptocurrencies/pepe/">Pepe Coin (PEPE)</a> is inspired by the well-known Pepe the Frog meme and aims to provide a decentralized, community-driven platform for digital art and content sharing.</p>
<h2 id="the-strategies-of-three-crypto-whales">The strategies of three crypto whales</h2>
<p>Recent data from <a href="https://twitter.com/lookonchain" rel="nofollow noopener" target="_blank">Lookonchain</a>, a leading blockchain analytics platform, has shed light on their strategies, raising questions about whether these investors could be the masterminds behind the meme coin phenomenon.</p>
<p class="my-0.5">The trader behind the wallet address <strong>0x778c</strong> began buying SHIB in February of this year, having paid $13.5k to acquire 1.31 trillion SHIB. They exited the trade with a profit of around $5.8 million when they sold their SHIB for $5.81 million.</p>
<p class="my-0.5">In April they shifted to PEPE, buying 396.7 billion of the altcoin with $9,815. After selling 116.8 billion PEPE for $392k, they retain 280 billion worth of the cryptocurrency valued at approximately $1.18 million in profit.</p>
<p class="my-0.5">Wallet address <strong>0x2af8</strong> started buying SHIB on April 16, making roughly $3.84 million on the cryptocurrency. They also purchased 558.5 billion PEPE with $286k, which currently yields a profit of approximately $1.34 million.</p>
<p class="my-0.5"><strong>Cryptopolitan.eth’s</strong> wallet address generated $2.45 million in profits from buying SHIB in early February. After purchasing approximately 340 billion PEPE with 49.5 ETH on April 19, they sold 56 billion PEPE for 64.4 ETH ($121k) and transferred 181 billion PEPE ($356k) to Binance and 7.5 billion PEPE ($23k) to 0x13df. They still retained 95.5 billion PEPE, with the cryptocurrency worth an estimated $695k in profit.</p>
<p>While the investment strategies of these whales have attracted attention, some experts in the cryptocurrency community have voiced concerns about their identities. One such expert, who chose to remain anonymous, commented:</p>
<blockquote><p>&#8220;They are not smart money, they are the same group who created both $SHIB and $PEPE,&#8221; and another added, &#8220;Same people behind.&#8221;</p></blockquote>
<h2 id="shib-and-pepe-in-recent-weeks">SHIB and PEPE in recent weeks</h2>
<p>SHIB, the second-largest meme coin, has seen an increase in trading volume recently, with influential investors purchasing over 10.25 trillion SHIB tokens in the past week alone. At the time of writing, SHIB&#8217;s 24-hour trading volume had dropped 25.74% to $127 million, with the token trading at $0.000009033, down 4.05% in 24 hours.</p>
<figure id="attachment_21360" aria-describedby="caption-attachment-21360" style="width: 1858px" class="wp-caption alignnone"><img decoding="async" class="wp-image-21360 size-full" src="https://crypto.ro/en/wp-content/uploads/2023/05/Shiba-Inu-to-USD-Chart.jpg" alt="Shiba Inu to USD Chart" width="1858" height="800" srcset="https://crypto.ro/en/wp-content/uploads/2023/05/Shiba-Inu-to-USD-Chart.jpg 1200w, https://crypto.ro/en/wp-content/uploads/2023/05/Shiba-Inu-to-USD-Chart-300x129.jpg 300w, https://crypto.ro/en/wp-content/uploads/2023/05/Shiba-Inu-to-USD-Chart-1024x441.jpg 1024w, https://crypto.ro/en/wp-content/uploads/2023/05/Shiba-Inu-to-USD-Chart-768x331.jpg 768w, https://crypto.ro/en/wp-content/uploads/2023/05/Shiba-Inu-to-USD-Chart-750x323.jpg 750w, https://crypto.ro/en/wp-content/uploads/2023/05/Shiba-Inu-to-USD-Chart-1140x491.jpg 1140w" sizes="(max-width: 1858px) 100vw, 1858px" title="Crypto whales behind SHIB and PEPE 1"><figcaption id="caption-attachment-21360" class="wp-caption-text">Shiba Inu to USD Chart | CoinMarketCap</figcaption></figure>
<p>In contrast, <a href="https://crypto.ro/en/news/pepe-token-sees-303-weekly-growth-becomes-top-100-cryptocurrency/">PEPE reached new highs last week</a>, currently ranking 52nd by market cap among all cryptocurrencies, with a market cap of $904 million. At press time, PEPE&#8217;s price was down 4.16%, trading at $0.000002451.</p>
<figure id="attachment_21359" aria-describedby="caption-attachment-21359" style="width: 1858px" class="wp-caption alignnone"><img decoding="async" class="wp-image-21359 size-full" src="https://crypto.ro/en/wp-content/uploads/2023/05/Pepe-to-USD-Chart-1.jpg" alt="Pepe to USD Chart 1" width="1858" height="800" srcset="https://crypto.ro/en/wp-content/uploads/2023/05/Pepe-to-USD-Chart-1.jpg 1200w, https://crypto.ro/en/wp-content/uploads/2023/05/Pepe-to-USD-Chart-1-300x129.jpg 300w, https://crypto.ro/en/wp-content/uploads/2023/05/Pepe-to-USD-Chart-1-1024x441.jpg 1024w, https://crypto.ro/en/wp-content/uploads/2023/05/Pepe-to-USD-Chart-1-768x331.jpg 768w, https://crypto.ro/en/wp-content/uploads/2023/05/Pepe-to-USD-Chart-1-750x323.jpg 750w, https://crypto.ro/en/wp-content/uploads/2023/05/Pepe-to-USD-Chart-1-1140x491.jpg 1140w" sizes="(max-width: 1858px) 100vw, 1858px" title="Crypto whales behind SHIB and PEPE 2"><figcaption id="caption-attachment-21359" class="wp-caption-text">Pepe to USD Chart | CoinMarketCap</figcaption></figure>

Crypto whales behind SHIB and PEPE

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