A whale that made a profit of $14.5 million with Pepe Coin is now chasing a trending altcoin. On-chain data shows that the whale is especially expecting bottom prices.
PEPE Coin millionaire is now after this altcoin
According to the report of Lookonchain, this whale, which made a profit of $ 14.5 million with Pepe Coin, is now collecting TURBO at the bottom price. Address 0x9e03 bought a large amount of TURBO again today, spending 50,000 USDC. In a recent transaction, it has amassed 94 million TURBOs with 50,000 USDC.
The whale currently holds 1.47 billion TURBO. This amount is over $1 million in fiat terms. The whale waited for the bottom levels of the TURBO price for its million-dollar investment. He made purchases worth approximately $1 million at $0.0006993.
This smart whale who earned ~$14.5M on $PEPE spent 50K $USDC to buy 84M $TURBO again after the price of $TURBO dropped.
He totally bought 1.47B $TURBO with $1.03M, the average buying price is $0.0006993.https://t.co/tAavvgd0VGhttps://t.co/LPZL683Blf pic.twitter.com/JkVPAts3Lp
— Lookonchain (@lookonchain) May 12, 2023
Why Turbo?
Turbo, a meme coin created entirely from the ground up using ChatGPT 4, gained momentum with its market cap reaching $100 million within 10 days of its launch. The meme coin was built using the language model of ChatGPT at a cost of just $69. According to data provided by Lookonchain, the above whale first started purchasing TURBO in February.
This whale was not an early buyer of $PEPE, but he kept buying $PEPE from Apr 19 to 27 when the price of $PEPE was depressed.
So is he buying $TURBO because he knows something we don't?
Check my previous tweet.https://t.co/iA7aGLbHSR pic.twitter.com/94LZDFrtBO
— Lookonchain (@lookonchain) May 9, 2023
The Pepecoin rally is the main catalyst behind his interest in this ChatGPT-based project. However, trading such projects is extremely risky. Uniswap also warns investors about this. Turbo price jumped to $0.003007 last weekend. The strong rally is now moving down at the same pace as with Pepe Coin.
Turbo is a project built from the ground up with ChatGPT-4. It’s only been 12 days since it was released by the developer. The project has a total supply of 69 billion tokens. The goal of the meme coin is described as “to establish itself as a leading meme coin with a unique identity focused on simplicity, fairness, and community engagement.”
What is Turbo (TURBO)?
TURBO is one of the Ethereum-based meme projects. Like other tokens, TURBO follows the ERC-20 token standard. So, in the ongoing 2023 meme coin season, Turbo doesn’t have a special ability. The last price rally was linked to the meme coin rally that became evident with Pepe Coin. Its price is currently trading at $0.0006819, down 33% on the day, according to CMC data. May 6 ATH is 80% away from $0.003049.
However, the project’s social media accounts are also worth considering. Apparently, Turbo Toad Token has quite an impressive community. The project has more than 30,000 followers on its Twitter account and more than 8,000 members on its Discord channel. As Cryptokoin.com reported, the best whale is one of the most important trump cards of TURBO.
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