The bewildering rise of $PEPE is minting giant profits, including a pseudonymous crypto trader who has earned almost 5,000,000% in just three weeks, despite warnings. sndr_krisztian reports
five accounts connected to a wallet belonging to pepecexwallet.eth, which received funds directly from the token’s deployer contract, acquired over 8.87 trillion PEPE after issuance for just $385.
Dimethyltryptamine.eth, which wasn’t cited among the insider wallets by Lookonchain but belongs among the earliest buyers, purchased 5.907 trillion of PEPE tokens for $263 inSince then, the trader has been gradually taking profits by sending smaller amounts multiple times a day to UniSwap, and receiving ether in exchange. The wallet has sent $3.8 million of PEPE to UniSwap in the past month, per Arkham data, presumably to take profits, with $2.4 million of that transferred in the past 24 hours.
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