What Happened on April. 24th | The $PEPE Trading Frenzy
On April 14th, just 114 wallets held $PEPE, today over 42K wallets held it. Some of the early $PEPE token holders executed a number of memorable trades.
MEV searchers have attempted to profit on the trading frenzy. One MEV bot, labeled as jaredfromsubway.eth has completed thousands of MEV trades and consumed ~6% of Ethereum’s total gas in the past week. (What Caused the Mainnet Gas Soaring?)
There are also plenty of $ PEPE-related scams. According to research found by scamsniffer, there are 465 victims that has been stolen over $1.3 million due to $PEPE related scams.
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