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🫨🔥Smart money traders prefer PEPE and FLOKI with investments over $50 million
Nansen data shows that almost 35% of the portfolio of the largest buyer of #PEPE and FLOKI in the last seven days consists of meme coins.
Over 50 million dollars PEPE and FLOKI have been accumulated by smart money traders in the last 7 days
Nansen data shows that almost 35% of the portfolio of the largest buyer of PEPE and FLOKI consists of meme coins.
According to on-chain data platform Nansen, PEPE and FLOKI have become the two Ethereum-based meme coins of choice for smart money traders over the past seven days. PEPE recorded smart money inflows of $ 48.8 million during this period, while #floki received investments of $ 4.3 million.
The biggest PEPE buyer of the last seven days has been the "Smart DEX Trader", a label created by Nansen to appeal to the most profitable in-chain traders. At the time of writing, he had more than $1.2 million in PEPE in his possession, which represented 15% of the assets in his possession.
Moreover, he made the biggest FLOKI purchase last week and added $ 1 million to his portfolio. The wallet also contains Shiba Inu (SHIB), which is close to $ 700,000 of this meme coin. These three tokens represent almost 35% of this investor's portfolio.
Another address labeled as Smart DEX Trader also accumulated over $1.2 million during the same period, which accounts for 5.6% of its portfolio. This address also holds $1.7 million of DEGEN meme money, which corresponds to 13% of his assets.
Besides the smart money, wallets created in 1000 days or less have accumulated over $1.1 billion on PEPE, while FLOKI has received $129 million in investments in the last seven days.
Moreover, the meme coin fever seems to be accelerating again. Solana, the most popular ecosystem for meme coin launches, reached an all-time high for new tokens on May 4, with 14,648 tokens released that day.
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