The smart money's behaviour towards cryptocurrency investing has been a hot topic in the market in recent days. Smart money investors, otherwise known as whales, are some of the most active traders on the market. While they are typically seen as sophisticated investors, their investment in the Pepe coin, a meme coin, has resulted in trouble.

First, a Lookonchain report revealed that a major investor purchased $3 million worth of Pepe coin after its listing on the major crypto exchange, Binance. He or she paid an average purchase price of $0.00000322 for 962.3 billion Pepe tokens, which have since dropped 50% in value. This investor, who is widely being seen as an example of ‘false signals’ from the smart money, had paid too much for the Pepe coin.

At current prices, their portfolio is only worth $2.14 million. Furthermore, another report from Lookonchain indicates that many other investors are still holding large amounts of Pepe tokens, raising the question of whether the smart money is still making wise investments.

The actions of the smart money are being watched carefully due to the expertise they possess in investments. The fact that they are now investing massive amounts of money in meme coins has caused some doubt in their ability to accurately evaluate digital asset investments. While it is recommended to hold different kinds of tokens, observers are warning against reliance on false signals that may arise from large whales.



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