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Blockchain sleuth, which tracks on-chain data of “Smart Money” wallets, @lookonchain, has reported that an unknown wallet spent $1.11 million on acquiring almost one billion $PEPE meme coins over the past two days.
Prior to that, he has had several trades with $ARB and positive ones with MKR.
Buying billion $PEPE after losing million USD on $ARB
The X post from @lookonchain shows that the aforementioned whale spent 617 $ETH to buy 996 billion $PEPE. However, this year, he has lost 456 $ETH (worth $1.3 million) trading $ARB and earned a profit of 269 $ETH (approximately $423,000), trading MKR.
A whale spent 617 $ETH($1.11M) in the past 2 days to buy 996B $PEPE.
— Lookonchain (@lookonchain) November 3, 2023
This whale has also traded 2 tokens this year.
Lost 456 $ETH ($1.3M) on $ARB and made 269 $ETH ($423K) on $MKR.https://t.co/H1UddPZlGe pic.twitter.com/oZgDZYScSH
@lookonchain has also shared details of the whale’s $ARB and MKR trades. He paid 2,039 $ETH (worth nearly $4 million) to acquire 3.26 million $ARB at a price of $1.5. After that, the whale trader sold this $ARB for 1,583 $ETH (equal to $2.45 million) at $0.75, thus facing a loss of 456 $ETH – that is $1.3 million.
As for his $ARB trading, this wallet owner bought 1,184 MRK, paying 1,348 $ETH (worth $2.19 million) at a price of $1,164. A sale of MKR followed as he disposed of it for 1,617 $ETH (evaluated at $2.61 million) and earned 269 $ETH – that is $423,000.
At the time of this writing, $PEPE meme coin is changing hands at $0.000001085, according to the data shared by CoinMarketCap, after a 6.46% rise in the last 24 hours.
blockchainreporter.net
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