Ethereum Whale Quietly Accumulates Over $1,000,000 Worth of Shiba Inu (SHIB) Competitor: On-Chain Data – Crypto News – Crypto News
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Ethereum Whale Quietly Accumulates Over $1,000,000 Worth of Shiba Inu (SHIB) Competitor: On-Chain Data – Crypto News

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An Ethereum (eth) whale has accumulated more than $1 million worth of the Shiba Inu (shibmemecoin competitor PepePepe) in the past month, according to the blockchain tracker Lookonchain.

lookonchain notes that the pseudonymous trader OSF spent 141 ETH worth $261,000 to buy 173 billion PEPE earlier this week.

Since June 14th, the whale has spent a total of 536 ETH worth nearly $1.04 million to buy 613 billion PEPE.

Pepe is trading around $0.00000149 at the time of writing and is down 0.4% in the past 24 hours. The volatile frog-themed memecoin is up 66.8% in the past month but down 65% from its all-time high of $0.00000431, which it hit on May 5th, only a few weeks after launching in mid-April.

Lookonchain also speculates that it’s possible a couple of institutions may be buying up the native tokens of the decentralized finance (DeFi) stablecoin lending project Curve (CRV,

The blockchain tracker notes that four new wallets have withdrawn a total of 10.2M CRV worth $8.12 million from top crypto exchange Binance in the past seven days. The four wallets only hold CRV.

CRV is trading for $0.785 at the time of writing. The 65th-ranked crypto asset by market cap is down 0.75% in the past 24 hours but up more than 1% in the past week.

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