Trader Predicts the Shiba Inu, Pepe & Wojak Price Explosion, Makes $1 Million Profit
Twitter crypto analyst @lookonchain tracked one account that is really good at buying meme coins early, and the right ones.
Not only did the crypto expert make over a million dollars profiting from the Shiba Inu bull run back in 2021 - and still holds some of that SHIB - he's been holding PEPE and WOJAK tokens from a lot lower down too.
The Pepe price has exploded 25,000% in the past two weeks, 1,000% since being listed on centralized exchanges, and is up 80% today, with some short positions about to pay 0.75% funding to longs heading into the Friday daily open.
During the last crypto bull run, Shiba Inu hit an approximately $40 billion market capitalization - making headlines for its valuation being higher than that of Deutsche Bank - and Floki Inu went to a $2.5 billion market cap.
Could Pepe continue its uptrend and break through the $1 billion level - currently at an $820 million market cap - that remains to be seen.
Having flipped FLOKI, the only meme coins standing in its way from becoming the largest meme crypto on the charts are SHIB with a $5.8 billion market cap and Dogecoin with $10.9 billion.
Altcoin season is well underway for meme coins, with other assets with amusing names and little utility currently outperforming Bitcoin, Ethereum and rest of the crypto markets.
Pepechain (PC), Wall Street Baby (WSB), BOB, Bogdanoff (BOG), HEX, DINO, PPIZZA, REDDIT, MONG, and others have been vying for position on the DEXTools trending crypto list.
Meme coins are volatile, high risk assets - but also high reward. Recently we wrote a piece on crypto expert Altcoin Sherpa's tweet thread saying they can be one of the 'easiest ways' to make money with cryptocurrency, due to their simplicity and being an inefficient market.
In that
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