Lookonchain data shows that a crypto whale who had bought pepe coin (PEPE) worth $2.46m two days ago is down $541k as buyers struggle to sustain the price of the meme coin.
Whale scoops PEPE
Lookonchain, a web3 data analysis tool, shared information regarding the crypto whale’s acquisition of PEPE, demonstrating the level of fear of missing out (FOMO) and how traders are willing to bet big on the meme coin.
According to the data, on May 5, a whale bought 962.3b worth $2.36m distributed in 70 WBTC, valued at $2.07m; and 470 ethereum (ETH), valued at $937,000, respectively.