Smart money traders have been making significant investments in meme coins PEPE and FLOKI, with over million accumulated in the past week. Nansen data reveals that these two Ethereum-based meme coins were favored by smart money traders, with PEPE receiving .8 million in inflows and FLOKI getting .3 million in investments.
One of the biggest buyers of PEPE in the last seven days is a “Smart DEX Trader” who holds over .2 million of PEPE, representing 15% of his portfolio. This trader also made significant investments in FLOKI and Shiba Inu (SHIB), with these three tokens making up almost 35% of his holdings.
Another Smart DEX Trader also accumulated over .2 million in the same period, along with .7 million of the DEGEN meme coin, amounting to 13% of his holdings. Additionally, wallets created in 1000 days or less have accumulated over .1 billion in PEPE, while FLOKI received 9 million in investments over the past seven days.
The interest in meme coins seems to be on the rise again, with Solana, the popular ecosystem for meme coin launches, setting a new daily all-time high for new tokens on May 4, with 14,648 tokens launched on that day. With smart money traders continuing to show a strong interest in meme coins like PEPE and FLOKI, the meme coin fever shows no signs of slowing down.
