A Pepecoin (PEPE) Whale Transfers Its Investment To Another Memecoin

The whale profited at least $14.5 million dollars from the frenzy of PEPE, the cryptocurrency that shot up by 20,000% since its launch, according to Lookonchain. According to Lookonchain’s focus on on-chain analyses, this whale investor was not one of the first buyers of the coin but implemented a strategy by collecting a huge amount of Pepecoin in late April. And now, this whale is looking for another memecoin to implement the same strategy and gain huge amounts of money from it.

Creating a Memecoin is Just too Easy

This memecoin craze began around April of this year and besides PEPE, other such assets in this field reached their peaks such as Floki Inu, REKT, and another token from Shiba Inu ecosystem. Because of these skyrocketing values, the cryptocurrency market has flooded with hundreds of brand-new memecoins. This is because these assets are pretty simple to create and distribute. A video on Twitter went viral that shows the creation process of a memecoin, and it only takes 27 seconds to do so.


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