A 30% increase in PEPE comes after investments from addresses identified as "smart money," according to data from research firm Nansen.
Accumulation of PEPE at intelligent money addresses
Intelligent money addresses have accumulated meme coins PEPE over the past seven days. According to Nansen's data, the number of wallets marked as smart money addresses has stabilized at 131, but their holdings have increased by $1.8 billion over the last week, representing over $2 million. During this period, PEPE recorded a 30% price increase.
Wintermute Trading Wallet
Nansen identifies the Wintermute trading wallet as an address that has accumulated $1.8 million in the last seven days. Their influx of PEPE is even larger when considering the last 30 days, during which nearly $2.8 million has come from this trading wallet.
Address 0xc09 and Smart Dex Trader
An address starting with 0xc09 shows the second-largest increase in the last seven days, having gained over $200,000 in PEPE from February 13th to February 15th. This wallet is labeled as "90D Smart Dex Trader," indicating traders with the highest realized profits in the last 90 days.
Profitable Trader with Significant PEPE Purchase
Another wallet, identified as a profitable trader for the last 30 days, made a significant purchase of over $92,000 in PEPE in the last 48 hours. Considering that both traders have been profitable in the past and with a 30% price increase over seven days, this suggests they could be on the right track or optimizing their investments.
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