- Lookonchain is urging traders to keep an eye on SmartMoney addresses and what meme coins they buy.
- PEPE and AIDOGE have already recorded gains of 10x+ recently.
- Both PEPE and AIDOGE are up by more than 90% over the last 24 hours
The on-chain analysis platform Lookonchain (@lookonchain) shared a post on Twitter this morning. In the tweet, Lookonchain turned the focus on a number of “SmartMoney” crypto addresses and their most recent purchasing activity. According to Lookonchain, traders could benefit from watching 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). Lookonchain added that some of these addresses made 10x+ gains on these meme coins so far.
The meme coin PEPE has had a very successful last 24 hours. According to the crypto market tracking website CoinMarketCap, PEPE 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.
The last 24 hours have also been kind to AIDOGE, as the meme coin is up 93.45% 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.
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