In the midst of the ongoing memecoin craze, the mysterious whale who once made over $14.5 million in Pepe Coin has made a major investment in Turbo memecoin. According to Lookonchain’s blockchain analytics report, whales purchased 1.38 billion TURBOs on May 3, worth about $977,000, and as of today, the investment is worth about $1.9 million.
This whale was not an early buyer $PEPEbut he keeps buying $PEPE Prices from April 19th to 27th $PEPE Very frustrated.
so he bought $turbo Because he knows something we don’t?
Check out my previous tweets.https://t.co/iA7aGLbHSR pic.twitter.com/94LZDFrtBO
— Lookonchain (@lookonchain) May 9, 2023
Notably, whales were not early buyers of PEPE either, but maintained their PEPE accumulation during the sharp drop in the memecoin price from April 19th to April 27th. Lookonchain assumes that whales buy Turbo because they know something that others don’t.
Turbo, a memecoin launched last month, has garnered attention in recent days for its surge in value, making it the fourth most traded memecoin after Pepe, Dogecoin and Shiba Inu. According to data from DexScreener, the token is up 53.3% in the past 24 hours. With a current market cap of $97.4 million, it ranks among the top 10 most valuable memecoins.
The project’s white paper highlights a $69 budget and a total supply of 69 billion tokens. The developers aim to make Turbo the leading memecoin with a focus on simplicity, fairness, and community engagement. However, the token’s growing value has led decentralized exchange Uniswap to issue a risk warning.
- Alert Corner: Where there are memes, there are scams
- PEPE mania appears to be over after enriching Ethereum validators
anne
according to Kyptos
