Biggest PEPE Owner, Millionaire Of These Altcoins!

Some information has emerged about the largest Pepe Coin (PEPE) owner. The person behind this address comes up with a heavy investment despite the risks of concentrating on the short-term future of trend meme coin. Currently, the investor has more than $1 million in tokens in his wallet. Here are the details…

High interest in PEPE despite risks

Analysts have expressed concerns about the behavior of investors who bought relatively large amounts of PEPE after it was launched on Ethereum and raised the starting capital of around $1,200 to over $9 million in just a few days. cryptocoin.com As we reported, the frenzy surrounding the frog-themed token last week brought its market value of several thousand dollars to over $150 million. It created a lot of excitement by drawing liquidity from traders and promoting a large number of similar tokens on other Blockchains.

The amount of liquidity released remains a cause for concern. Data shows that trading pools for Pepe coin on decentralized exchange Uniswap have less than $4 million of available liquidity as of Tuesday, so a sudden sale by a top owner is likely to bring prices down immediately. Trading volumes for PEPE on centralized crypto exchanges have averaged $300 million daily, but market liquidity remains relatively weak. Again, this could lead to a sharp drop in prices if a large owner liquidates their holdings.

Largest owner of PEPE, also holding SHIB and FLOKI

According to data compiled by @deebs_defi of Flipside Crypto, the wallet holding the largest amount of PEPE is sitting on $1.1 million worth of tokens after purchasing it for several hundred dollars’ worth of Ethereum. The same wallet also holds $1.1 million Shiba Inu (SHIB) and $1 million Floki (FLOKI), indicating that its owner is an active meme coin trader. The investor holds $43,000 worth of Ethereum.

Who are the other whales?

While this wallet holds the largest amount of PEPE in one place, other top holders may have spread their holdings across several wallets. Data from Lookonchain shows that five wallets affiliated with ‘pepecexwallet.eth’, which received funding from the Pepe distributor contract, bought cumulatively more than 8.87 trillion PEPE for just $385 after issuance and then sold the stash for over $1.23 million days later. is showing.

These sales were mostly made through Uniswap and a smaller amount was sold on the crypto exchange Huobi. Crypto analysts like @louround_ on Twitter said last week, based on data from wallet analytics tool Bubblemaps, that almost 3 percent of PEPE assets are linked, corresponding to $3.78 million worth of tokens. Currently, MEXC Global and Huobi crypto exchanges are the largest holders of PEPE, holding more than 5.5 percent of the supply.