According to Odaily Planet Daily, Lookonchain monitoring pointed out that a smart money address that had previously made a profit of $1.67 million in FTM trading had recently bought three altcoins: MKR, FTM and PEPE. On May 7, the address spent 726 ETH (2.26 million US dollars) to buy 3.18 million FTM; three hours ago, the address spent $1.25 million to buy 464 MKR at a price of $2,697; on May 8, the address also spent $558,000 to buy 70 billion PEPE.