On-chain analysis platform Lookonchain has recently shared a post on Twitter, drawing attention to a number of “SmartMoney” crypto addresses and their recent purchasing activity. Lookonchain suggests that traders may benefit from monitoring which meme coins these SmartMoney addresses are trading. The post also revealed that many of these SmartMoney addresses favored cryptos like Pepe (PEPE) and ArbDoge AI (AIDOGE), with some of these addresses having made 10x+ gains on these meme coins so far.
PEPE, in particular, has had a successful last 24 hours. According to CoinMarketCap, the meme coin is currently trading at $0.000000331 after a 338.34% price increase over the last 24 hours. This allowed the meme coin to strengthen against both Bitcoin (BTC) and Ethereum (ETH) by more than 300%. PEPE’s 24-hour trading volume is in the green zone as well, and now stands at $119,301,668 after a more than 180% increase since yesterday. The crypto is also currently ranked number 2,610 on CoinMarketCap’s list of the biggest crypto market caps.
AIDOGE, another meme coin, has also seen gains in the last 24 hours, with a 93.45% increase to trade at $0.0000000002838 at press time. The crypto was also able to strengthen against BTC and ETH by 95.51% and 103.56% respectively. AIDOGE’s 24-hour trading volume currently stands at $181,435,771 after a 113.33% increase. With its market cap of $55,157,789, AIDOGE is currently ranked as the 2608th biggest crypto in terms of market capitalization.
It is important to note that the views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
In conclusion, the recent activity of SmartMoney addresses favoring meme coins like PEPE and AIDOGE may be worth monitoring for traders looking to make gains in the crypto market. However, it is crucial for readers to conduct their own research and due diligence before making any investment decisions.