PEPE Memecoin Investor Nets $52M from Just $27 Bet

by

As a seasoned crypto investor with over a decade of experience under my belt, I must say that the recent PEPE saga has left me utterly astounded and somewhat envious. Here I was, carefully strategizing my portfolio moves, meticulously analyzing market trends, and diligently researching promising projects, while these fortunate souls were making life-changing profits on a whim with memecoins like PEPE!

A significant holder of PEPE cryptocurrency, often referred to as a “whale,” who had been inactive with 2.1 trillion tokens, has attracted attention after moving all their assets, equivalent to a staggering $52 million, to a fresh wallet on December 10.

600 days back, an initial investment of about $27 as Ethereum (ETH), as Lookonchain detailed, has ballooned into a staggering 1,900,000 times return on that investment!

However, the PEPE memecoin story doesn’t end there. A savvy crypto investor managed to transform a starting capital of $3,000 into an astonishing $73 million by dealing with PEPE tokens. This trader snatched up a whopping 4.91 trillion PEPE coins in April 2023, which was the coin’s launch period, when prices were at their lowest possible point.

Over the months, they sold 3.03 trillion tokens, cashing out $27.5 million while holding onto 1.88 trillion PEPE, now valued at $45.6 million.

On December 9th, the value of the memecoin reached its peak at $0.000028, causing its market value to surge to a staggering $11.8 billion before eventually stabilizing at $10.6 billion. Remarkably, on this very day, a trader made a profit of $2.8 million by selling 100 billion PEPE coins on the Coinbase platform.

From humble beginnings to millionaire-making trades, PEPE continues to capture the imagination of the crypto world. The numbers tell the story—small bets, massive fortunes, and the wild potential of the memecoin market.

Read More

2024-12-14 09:13