An early investor in the Shiba Inu (SHIB) cryptocurrency has recently generated some billion-dollar profits, not only from their investment in the canine coin but also from the meme-based cryptocurrency Pepe (PEPE). This astute individual, nicknamed "SmartMoney", acquired over 188.6 billion SHIB units with a total of $96,500 and later sold 95.3 billion SHIB for a tremendous sum of $1,180,000. Currently, SmartMoney still holds 92.3 billion SHIB tokens, valued at roughly $929,000 and so their overall profit on SHIB stands at over two million dollars.

The Lookonchain analytics demonstrate that SmartMoney has also achieved a massive success with Pepe, procuring 72.83 billion PEPE with the equivalent of 19 Ethereum coin ($36,415). Pepe and its original caricature - the popular internet meme character Pepe the Frog - have drawn a lot of attention from traders and crowds, with the token even surpassing Dogecoin (DOGE) in daily trading volume and getting listed on major exchanges. Nonetheless, the coin is predominantly perceived as a tool for speculation, leading to suspicion of market manipulation.

The recent analysis from Lookonchain is a testament to the potential of great gains in the meme-inspired cryptocurrency market, with early investors like SmartMoney capitalizing on the newfound interests. Nevertheless, it must be noted that SHIB has experienced a volatility, depreciating by 88.46% since its all-time high.



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