Millions in Profits Made by Smart Traders from PEPE Amid Retail FOMO Surge
Smart traders capitalize on PEPE profit opportunities
Recent on-chain activity indicates that three smart traders successfully capitalized on profit opportunities presented by the meme coin PEPE. These traders strategically executed trades, reaping substantial profits from their investments.
PEPE smart traders' whale activity
- Early buyer: Deposited remaining PEPE holdings worth $2.53 million into a Binance account, generating over $3.4 million in profits.
- Institutional firm trade: Sent $2.8 million worth of PEPE to Cumberland, earning $578,000 in profits on a $2.22 million investment.
- Bybit trade: A smart trader deposited $2.83 million of PEPE, showcasing a 100% win rate trading with estimated profits of $2.48 million.
FOMO effect: Despite smart traders' profits, retail and whales continue to fuel the FOMO, indicating ongoing interest in PEPE.
Meme coins and risks in the market
Meme coins like PEPE operate on hype and social media influence, often leading to speculative trading behavior. The 'Greater Fool Theory' explains the nature of these investments, highlighting both profit potential and inherent risks for traders.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.