Discovering The Next PEPE And SHIB: Whales To Keep Track Of

Samuel Edyme

1 year ago

3 mins read

Crypto whale suffers loss from PEPE plummet

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Missing out on crypto that becomes the next big thing in crypto can hurt. To avoid this, popular on-chain analyst LookOnChain has sorted out prominent whales to keep an eye on and ease the task of catching the next PEPE.

According to the analyst, these whales were very early to notable meme coins such as Shiba Inu (SHIB). LookOnChain noted these whales are “smartMoneys that both bought SHIB and PEPE early and made millions of USD.”

Discovering The Next Memecoin That Could Run 100x

In a series of threads, LookOnChain unveiled three SmartMoney wallet addresses that invested early before the bull run. Whales are large cryptocurrency investors believed to understand the market well and make early and efficient investment decisions.

They are mostly known to take long-term positions in projects they believe in. Other investors closely follow their actions to capitalize on their investment strategies.

According to data from Etherscan, the first address highlighted by LookOnChain is one of the earliest SHIB buyers. It purchased 1.31 trillion tokens for $13.5K in February 2021, when the SHIB traded at $0.00000001.

This individual later sold the tokens for $5.81 million during the bull run, earning a profit of over $5.8 million. Interestingly, this same address started investing in PEPE as early as April 17, well before the asset became hype among investors, buying a total of 396.7 billion PEPE with $9,815.

After selling 116.8 billion tokens from its PEPE holdings for $392K, the address now holds 280 billion PEPE, with $1.18 million in realized and unrealized profits. Another address, which began investing in SHIB as early as April 2021, made a profit of $3.84 million on their investment.

This same address started purchasing PEPE on April 19, buying 558.5 billion PEPE with $286K. The current unrealized profit on the token investment held by this address is $1.34 million.

LookOnChain also mentioned an address associated with the domain “cryptopolitan.eth” that purchased SHIB in February 2021 at the same time as the first address, making a profit of $2.45 million on the investment.

This same address began purchasing PEPE on April 19, buying 340 billion PEPE with $103,000. As of this writing, cryptopolitan has secured a profit of $695,000 from the frog meme token investment.

PEPE: Ran Out Of Gas

Meanwhile, the memecoin crashed after making significant waves in the crypto industry over the past week. The memecoin is now beginning to see a price decline, indicating traders are profiting or getting bored of the memecoin.

The token’s rally initially started late last month. This was when the memecoin pumped from a low of $0.00000002 on April 27 to as high as $0.0000042 on May 5. This growth drew the attention of many traders and investors, who saw it as an opportunity to profit from meme-inspired crypto.

PEPE price chart on TradingView — PEPE price is moving sideways on the 4-hour chart. Source: PEPE/USDT on TradingView.com

The price of the token began to decline soon after reaching that peak. As of May 8, the token price had fallen to $0.000000211, representing a decline of 51% from its all-time high.

Featured image from The Block, Chart from TradingView

Samuel Edyme

Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others.

Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis.

Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics.

When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…)

Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life.

In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps.

Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think's probably unfeasible, I've done already a hundredfold.”

PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp.

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