As an analyst with over two decades of experience in the financial markets, I must admit, this story of the crypto trader turning $3,000 into $73 million by trading PEPE memecoin has left me both astounded and intrigued. It’s a testament to the incredible potential that cryptocurrencies hold, especially those like PEPE which have seen exponential growth this year.
A crypto trader has managed to turn $3,000 into a jaw-dropping $73 million by trading PEPE memecoin.
Gradually, this trader got rid of a portion of their PEPE tokens and converted 3,030 billion coins into approximately $27.5 million. At the point when the report was made, this trader still possesses 1,880 billion PEPE tokens, which are now valued at around $45.6 million.
On December 9th, PEPE tokens reached their highest value ever at $0.000028 and a staggering market capitalization of approximately $11.8 billion. However, the price dipped slightly afterward to around $10.6 billion. Remarkably, on the same day, an astute trader offloaded 100 billion PEPE tokens, which equated to roughly $2.8 million, on the Coinbase platform.
The trader managed to earn such a high profit because $PEPE experienced significant expansion ever since it first debuted. Just this year, it skyrocketed an impressive 1370%, reaching a Market Cap of 10 billion dollars.
Indeed, an investor recently grabbed attention when they managed to transform a small amount of 0.125 ETH, roughly equivalent to about $378, into a staggering $1.14 million by making a well-timed investment in PEPE.
Presently, PEPE is experiencing a downturn, mainly triggered by selling in the cryptocurrency market. In just one day, its value has decreased by 15%, and its market capitalization has fallen by the same percentage, currently standing at approximately $9.6 billion.
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2024-12-10 20:52