bullish

Millions

<p>In crypto, tracking the trades of “smart money” can provide valuable insights into market trends.</p> 
<p>One particular trader <a href="https://x.com/lookonchain/status/1846826143137386712" rel="nofollow" target="_blank">has caught attention recently</a>, amassing significant profits across several tokens like $PEPE, $SPX, $MOG, and $WOJAK.</p> 
<p>This article digs into the trader’s moves to see where they may be heading next.</p> 
<h2 id="recent-profits-a-breakdown">Recent Profits: A Breakdown</h2> 
<p><img decoding="async" class="alignnone" src="https://pbs.twimg.com/media/GaE92Pkb0AEvfwz?format=jpg&amp;name=small" alt="Image" title="Smart Money Made Millions From Trading Memecoins—Here's What He's Buying Next! 19"></p> 
<h3 id="pepe">$PEPE:</h3> 
<p>The smart money has been bullish on $PEPE since December 2023, currently holding an astounding 318 billion tokens spread across two wallets. Having accumulated $PEPE at a relatively low cost, the trader now has an unrealized profit of <strong>$2.19 million</strong>. With such a substantial stake, it will be interesting to watch their next steps with this meme coin.</p> 
<h3 id="spx">$SPX:</h3> 
<p>The trader has also made a noteworthy move with $SPX. They initially invested <strong>$57,000</strong> to buy 10.1 million $SPX tokens between December 2023 and May 2024. After the price surged, they sold 9.1 million tokens for <strong>$1.12 million</strong>, netting a profit of <strong>$1.7 million</strong>, leaving them with a remaining stake of 1 million $SPX worth <strong>$636,000</strong>.</p> 
<p><img decoding="async" src="https://pbs.twimg.com/media/GaE9_igb0AQjlm3?format=jpg&amp;name=small" alt="Image" title="Smart Money Made Millions From Trading Memecoins—Here's What He's Buying Next! 20"></p> 
<h3 id="mog">$MOG:</h3> 
<p>In January 2024, the smart money made a bold entry into $MOG. They spent <strong>$194,000</strong> to acquire 802.4 billion $MOG tokens and later sold 154 billion tokens for <strong>$278,000</strong>. Despite this sale, they continue to hold 648.4 billion tokens, worth <strong>$1.29 million</strong>, with an overall profit of <strong>$1.37 million</strong>.</p> 
<p><img decoding="async" src="https://pbs.twimg.com/media/GaE-KdWbgAA9WVa?format=jpg&amp;name=small" alt="Image" title="Smart Money Made Millions From Trading Memecoins—Here's What He's Buying Next! 21"></p> 
<h3 id="strong-wojak-strong"><strong>$WOJAK</strong>:</h3> 
<p>Accumulating 352.69 million $WOJAK since December 2023, the trader’s cost basis is <strong>$248,000</strong>, with the current value sitting at <strong>$455,000</strong>. This represents an unrealized profit of <strong>$207,000</strong>.</p> 
<p><img decoding="async" src="https://pbs.twimg.com/media/GaE-P4hasAA5UNU?format=jpg&amp;name=small" alt="Image" title="Smart Money Made Millions From Trading Memecoins—Here's What He's Buying Next! 22"></p> 
<h3 id="what-s-next">What’s Next?</h3> 
<p>Recent activity indicates that the trader has been selling off portions of his $SPX holdings as the price rises, redirecting capital into $PEPE and $WOJAK.</p> 
<p>This shift may indicate a belief in further upside potential for these tokens.</p> 
<p>As the trader continues to hold significant positions in $PEPE and $WOJAK, it will be interesting to see if these tokens remain key components of his strategy moving forward.</p>

Smart Money Made Millions From Trading Memecoins—Here’s What He’s Buying Next!

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