One whale risked over $2 million on new meme coins Peanut the Squirrel ($PNUT) and First Convicted Raccoon ($FRED) last week, but it paid off in dividends.
The trader has made millions in unrealized profits. But now, investors are searching for the next millionaire-making meme coin – and it might be Pepe Unchained ($PEPU).
Unknown Whale Makes Massive Investment From New Wallet
Lookonchain data reveals how one trader seeded a new wallet with 15,132 SOL worth $2.8 million to invest in two brand-new meme coins.
It all happened on 6 November. Peanut the Squirrel had been trading for two days at the time and First Convicted Raccoon for three.
The whale made a bold move, spending 11,582 $SOL ($2.14M) on $PNUT and 3,550 $SOL ($657K) on $FRED.
It takes guts to invest that much in two untested meme coins – but ‘scared money doesn’t make money’ – as the saying goes.
This anonymous trader took a risk, and it paid well.
Following his investment, a string of events positively impacted the price of both meme coins. Notably, $PNUT was listed on Binance on Monday, causing its price to explode approximately 10x.
Per Lookonchain’s updated tweet on the situation, the trader is now sitting on a $16.8 million profit, with $14.18 million of that being in $PNUT.
The wallet address on Solscan shows that the trader has yet to take any profits.
He’s clearly holding out for more gains. Will this move be ingenious or a “what could have been” scenario when all is said and done?
Since the trader opened a new wallet to execute these trades, we don’t know who is behind it.
Could it be an infamous meme coin influencer like Murad, Ansem, or “The Bonk Guy,” or a smart money trader operating in the shadows?
We’ll potentially never know, but this story underlines the benefit of bold yet calculated entrees into new meme coin positions.
And while we can’t track whether this trader is opening trades using other wallets, we can look to other smart money investors to see what new meme coins could pump next.
And one that keeps coming up in conversation is Pepe Unchained, a presale meme coin with its own layer 2 blockchain.
Pepe Unchained Raises $28M, Fueled By Multiple Whale Buys
The Pepe Unchained presale is scorching hot right now, having raised $28 million in funding.
Amidst this early success, countless high-networth players have entered the ICO, with one purchase amounting to 19.99 ETH ($63K) on Sunday.
And industry experts are not keeping this project a secret – Jacob Bury recently told traders it will 100x in price.
He said this on the 99Bitcoins YouTube channel, which has over 700K subscribers, providing a lot of publicity to this new meme coin.
But it’s for good reason. Pepe Unchained is more than a simple meme coin. It’s building an Ethereum layer 2 blockchain for meme coins and meme coin-related apps.
It will launch immediately after the presale concludes and offer features like a two-click meme coin generator, staking, a block explorer, a decentralized exchange, and more.
And its heightened transactional capabilities will enhance these features. It promises 100x faster speeds and much lower fees than the Ethereum main network.
With $28 million in the bank and smart money on board, there’s every chance that Pepe Unchained is the next millionaire making meme coin.
The current $PEPU price is $0.01269, but this will rise throughout the ICO with the next increase in one day.
Visit Pepe Unchained Presale
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