🚀💹💸 Smart Money Traders Like PEPE And FLOKI With Investments Over 50 Million USD

Nansen data shows that nearly 35% of the portfolios of the largest buyers#PEPEand FLOKI over the past seven days consisted of meme coins. Over $50M PEPE and FLOKI Have Been Accumulated by Smart Money Traders in the Past 7 Days

Nansen's data shows that nearly 35% of the portfolios of the largest buyers of PEPE and FLOKI are comprised of meme coins.

According to on-chain data platform Nansen, PEPE and FLOKI have become the two Ethereum-based meme coins of choice for smart money traders in the past seven days. PEPE recorded smart cash flows of $48.8 million during the period, while#flokireceived investments of $4.3 million.

The largest buyer of PEPE in the past seven days was "Smart DEX Trader", a brand created by Nansen to attract the most profitable in-chain traders. At the time of writing, he owns over $1.2 million in PEPE, which is 15% of his assets.

Furthermore, he made his biggest purchase of FLOKI last week and added $1 million to his portfolio. The wallet also includes Shiba Inu (SHIB), worth nearly $700,000 of this meme coin. These three tokens make up nearly 35% of this investor's portfolio.

Another address labeled Smart DEX Trader also accumulated more than $1.2 million during the same period, accounting for 5.6% of its portfolio. This address also holds $1.7 million in DEGEN meme coins, equivalent to 13% of his assets.

Besides smart money, wallets created in 1000 days or less have accumulated over 1.1 billion USD on PEPE, while FLOKI has received 129 million USD in investments in the past seven days.

Furthermore, the meme coin craze seems to be picking up speed again. Solana, the most popular ecosystem for launching meme coins, reached an all-time high in new tokens on May 4, with 14,648 tokens issued that day.