In the past week, we have seen a major push in the price of #MEME segment with the rise of many tokens like $PEPE and $SHIB . And when tracing back to the roots of the big pumps, by using iCryptoAI bot, we have identified early buying signals from Smart Traders who have predicted today’s prices.
Let’s take a look at the on-chain activities of these tokens to see why they have predicted so and what will be on their minds next.
SHIB On-chain Review
PEPE On-chain Review
APE Early Buying Signal.
Let’s get into it!
SHIB On-chain Review
From the reports by iCryptoAI - Smart Signals Channel, we have identified strong buying pressure from the Smart DEX Traders (SDT) since December 2023.
Since then, we began to do some research on this token and discovered that they have accumulated a huge amount of SHIB since. Up until now, they are still accumulating more SHIB, although their current ROI is at 500%.
The Trading Trend of SDT is Accumulating. In the past 7D, they have accumulated 41.65B SHIB ($1.11M), avg. price = $0.0000155 📈
Their total Position at 00:00 UTC:
- Realized PnL: $116.1K
- Unrealized PnL: $5.47M
Digging a bit deeper, we can see that Big Whales and Smart Money Traders have also joined into the run and increased their holdings substantially.
Whales bought +8.27T (+$188.52M), +1.27% in the past 14 days.
Smart Money bought +2.7T (+$61.59M), +11.24% in the past 14 days.
PEPE On-chain Review
Scrolling through our posts, you will see that we have made a report on PEPE before with the Early Buying Signals from the SDT.
With the Early Buying Signals, and from the PEPE Report before, we have done some more research and found out that although Whales are buying more and more PEPE, Smart Money and SDT are taking profits constantly after the 600% price pump.
Whales have bought +21.45T (+$142.6M), +33.41% in the past 14 days
The Trading Trend of SDT is Distributing. In the past 7D, they have distributed 1.88T PEPE ($12.41M), avg. price = $0.0000053 📈
Their total Position at 00:00 UTC:
- Realized PnL: $7.47M
- Unrealized PnL: $36.99M
$APE Early Buying Signal:
Besides SHIB and PEPE, one token that has been in the watchlist of the SDT is APE, although the price is still staggering, the On-chain data strongly signified the future rise of this token.
First of all, the shift in the Cumulative Token Volume strongly signified a shift in interest of these traders. The Trading Trend of SDT is Accumulating, and in the past 7D, they have accumulated 47.1K APE ($105.3K), avg. price = $2.2 📈
Their Total Position at 00:00 UTC:
- Realized PnL: -$176.4K
- Unrealized PnL: $1.32M
The interest of the Smart Money Traders have also shifted to APE as well with their strong accumulation in the past 3 days. They have bought +242.81K (+$547.29K), +10.17% in the past 14 days.
Overall, with the market currently bullish on MEME coins, with much to be expected. What are your thoughts on this, comment down below.
Follow us for more market updates and everyday On-chain movements.
