LookOnChain, a blockchain analytics platform, recently highlighted Whales to follow in order not to miss the next bull run of Shiba Inu (SHIB) and PEPE.
The platform revealed three smart money addresses that raked in millions from investing in Shiba Inu (SHIB) and PEPE during both assets’ bull runs.
Read Also: BitMEX Announces the Listing of Two New Perpetual Contracts: PEPE and SUI
LookOnChain’s whale-tracking feature is designed to help investors stay ahead of the curve when it comes to investing in digital assets. The platform also updates crypto enthusiasts on any major movements that could indicate a major shift in market sentiment.
For instance, if a whale suddenly starts buying up a large amount of PEPE or Shiba Inu tokens, LookOnChain’s users would be able to quickly react and capitalize on the potential opportunity.
Smart money whales are experienced traders and investors who are vast in the cryptocurrency market. LookOnChain urged crypto enthusiasts to put their addresses under surveillance due to their successful investment decision in the past
Market analysis from Etherscan indicated that the first address bought 1.31 trillion SHIB assets with $13.5k as of February 2021 when the coin was selling at $0.00000001. The first address sold the asset during its bull run for $5.81 million, raking in a huge profit of $5.8 million. The first address also purchased 396.7 billion of PEPE with $9,815. The address now holds 280 Billion PEPE tokens after selling 116.8 Billion from its holding.
The second address started buying PEPE tokens on April 19, 2023, purchasing 558.5 billion PEPE with $286k. Also, this address started procuring Shiba Inu during the second quarter of 2023, making a staggering profit of $3.84 million.
The last address bought SHIB during the first quarter of 2021, making a whopping profit of $2.45 million from the token. The same address started procuring PEPE on April 19, getting 340 billion PEPE worth $103K. They’ve realized a profit of $695K from the PEPE token.
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