Here’s how this trader turned $3,000 into $73m with PEPE

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As a seasoned crypto investor with over a decade of experience in this wild and volatile market, I can honestly say that my journey has been nothing short of a rollercoaster ride. However, it’s moments like these that make all the sleepless nights worth it.

A crypto trader has secured substantial returns with Pepe despite the ongoing brutal correction plaguing the broader market.

Data confirms that the investor successfully transformed $3,000 to $73 million by entering the Pepe (PEPE) market early. Blockchain analytics platform Lookonchain recently highlighted the trader’s journey.

Turning $3K into $73M, a 24,656x return, what a legend!

Before the market plummeted, $PEPE broke through $0.000028, setting a new #ATH!

This legendary trader sold another 100B $PEPE($2.8M) for profit.

This trader invested ~$3K to buy 4.91T $PEPE on Apr 15, 2023.

Over time, he…

— Lookonchain (@lookonchain) December 10, 2024

Remarkably, this trader made an investment of around $3,000, divided over three separate purchases, to acquire a total of 4.91 trillion PEPE tokens in April 2023 – just two days after the meme coin became available for trading on the public market.

In the bustling world of cryptocurrencies, as PEPE surged to an unprecedented peak of $0.000004487 in May 2023, I found myself cashing out a portion of my holdings, realizing a tidy profit. This selling spree, which kicked off on May 5, 2023, persisted until the 18th of the same month.

Following a brief hiatus, the investor restarted the sales of PEPE in February of this year, marking a new upward trend. This selling spree continued until quite recently, culminating in the sale of 100 billion Pepe for approximately $2.8 million today.

To date, the trader has sold off approximately 3.03 trillion PEPE tokens, yielding a profit of $27.5 million. Even with these transactions, they still hold 1.88 trillion tokens valued at $45.66 million as reported. This translates to a grand total profit of $73 million, equating to an astounding return on investment of 24,656 times.

Significantly, the most recent transaction took place prior to the recent downturn of the PEPE meme coin. After a market-wide crash, PEPE plummeted to the $0.000025 area. At present writing, PEPE is trading at $0.00002554, marking a 3.73% decrease over the last day.

Even though the price of PEPE decreased, Lookonchain found that large investors, or “whales,” have been playing a crucial role in maintaining PEPE’s stability amidst market chaos.

Whales are buying $PEPE!

9 wallets(likely belonging to the same whale) spent 13.8M $DAI to buy 555B $PEPE in the past 2 hours, with an average buying price of $0.000025.

Address:
0xfb67ef6fe609edab1e0595e6815634e8e4db9cf7
0xb2f1956eae0817db73c4d542a4861ee485b7e7c6…

— Lookonchain (@lookonchain) December 10, 2024

astonishingly, it appears that a solitary whale may have been responsible for shifting approximately $13.8 million worth of DAI into the acquisition of 555 billion PEPE tokens over a span of merely two hours. The average cost for these transactions was roughly $0.000025 per token.

The recent development is the latest in a series of profit-taking trades involving meme coins. In one instance, a trader turned a $727 investment into $2.42 million in only four days by trading Goatseus Maximus (GOAT). 

Nevertheless, not every trade ends up being profitable. For instance, a trader in October faced losses following an ill-timed investment in GOAT, thus foregoing a potential $6 million gain.

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2024-12-10 12:53