Meme coins inspired by animals are not uncommon, but a recent addition to the group is Pepe Coin, inspired by a frog. Pepe Coin has gained recognition in the cryptocurrency world for its impressive price performance, closely followed by WOJAK coin, which has also yielded significant returns for early investors.
On-chain analyst Lookonchain has revealed information about an early Shiba Inu buyer who has also invested in Pepe Coin and WOJAK.
The SmartMoney started buying $SHIB at a very low price on Jan 30, 2021.
— Lookonchain (@lookonchain) May 4, 2023
SmartMoney bagging billions of Pepe Coin
The on-chain analyst provided information indicating that SmartMoney began purchasing Shiba Inu at a low price on January 30, 2021. Transaction details revealed that the buyer obtained 88.6 billion SHIB for $96.5k and sold 95.3 billion SHIB for $1.18 million. The wallet owner now possesses 92.3 billion SHIB and has profited over $2 million.
This SmartMoney has also been drawn to the recent hype around Pepe Coin, acquiring 72.83 billion PEPE for $95,610 and 529 million WOJAK for $329,315, using 19 ETH ($36,415) and 30.5 ETH ($61,170), respectively. Lookonchain commended the SmartMoney’s ability to purchase meme coins effectively.
In the last 24 hours, WOJAK has increased by 44%, while PEPE reached an all-time high of $0.000001766, demonstrating the SmartMoney’s astute investment decisions. WOJAK is trading at $0.0007687 at press time, while PEPE is trading at $0.000001636. PEPE is up by 52% in the last 24 hours. The frog-inspired meme coin has risen by over 642.9% in the last seven days. While many were skeptical of the new meme coin at first, it is proving otherwise with its price performance.