Recent on-chain data reveals that several prominent "smart money" crypto wallets have resumed buying PEPE tokens, signaling renewed interest in the meme coin. Here's a detailed breakdown of the latest transactions:
Key Transactions and Trends
Address 0x9cd6 Activity
- Purchased 73B PEPE (worth $20,861) using 11 ETH
- Previously sold 17.5B PEPE for 2,128 ETH ($4.18M)
- Total holdings: 936.5B PEPE acquired at an average price of $0.000002922
qianbaidu.eth's Moves
- Bought 194B PEPE with 271 ETH ($514K) at $0.000002649
- Sold TURBO at a loss of 136 ETH ($291K)
- Currently holds 2.85B TURBO purchased for 382 ETH
Other Notable Activity
- Address 0x45cf swapped PEPE for CAPY tokens
- Address 0x13b3 sold 99B PEPE for $256K USDC, retaining 400B PEPE ($1M)
Why This Matters for Investors
These transactions suggest sophisticated traders are:
- Taking advantage of PEPE's price volatility
- Rebalancing portfolios between meme coins
- Using ETH as primary trading capital
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FAQ: Smart Money and PEPE
Q: What defines a "smart money" address in crypto?
A: Wallets with proven track records of profitable trades, often monitored by analytics platforms.
Q: Why are these addresses buying PEPE again?
A: Potential reasons include:
- Anticipating another price surge
- Dollar-cost averaging after previous sales
- Speculative position-building
Q: Should retail investors follow smart money moves?
A: While informative, always:
- Do independent research
- Assess personal risk tolerance
- Avoid FOMO-driven decisions
Q: How can I track these wallets?
A: Use blockchain explorers like Etherscan or analytics tools such as Lookonchain.
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Key Takeaways
- Smart money activity often precedes market trends
- PEPE remains a volatile but actively traded asset
- Always verify transactions via blockchain data
- Diversification remains crucial in meme coin trading
Note: All dollar values reflect prices at transaction time. Crypto investments carry high risk.