Trader made $46 million with PEPE after hitting new ATH

As a researcher with a background in cryptocurrency and blockchain analysis, I find this story absolutely fascinating. The potential profit that this trader has made on PEPE is truly astounding, with a gain of over $46 million from an initial investment of just $3,000.

A trader saw significant gains as the price of Pepe (PEPE) reached unprecedented heights, resulting in a remarkable profit of 15,718 times the initial investment within the span of a year.

Based on Lookonchain’s data, a trader acquired approximately 4.9 trillion PEPE tokens for roughly $3,000 on April 15, 2023. To make this purchase, they offloaded $2,256 worth of Timeless (LIT), $210 worth of Ethereum (ETH), and exchanged 500 USDC.

As a researcher studying the world of cryptocurrencies, I came across an extraordinary case of a shrewd investor who turned a modest $3,000 investment into a staggering fortune of over $46 million in PEPE tokens. This represents a mind-blowing gain of approximately 15,718 times the initial investment! 😱— Lookonchain (@lookonchain) May 15, 2024

The person in possession of the digital wallet has offloaded a grand total of 1.41 trillion PEPE tokens after achieving substantial profits. The value of these tokens amounts to approximately $7.4 million.

As an analyst examining on-chain data, I’ve discovered that the trader holds approximately 3.5 trillion PEPE tokens in their possession, equating to around $38.9 million at the present moment. The substantial gains were realized as PEPE attained a new peak price of $0.00001145 earlier today.

In simple terms, the meme coin with a frog theme has risen by 12.1% over the last 24 hours and is now priced at $0.00001142. After this surge, PEPE‘s market capitalization stands at a substantial $4.8 billion, placing it as the 23rd largest cryptocurrency in current market conditions.

Trader made $46 million with PEPE after hitting new ATH

As an analyst, I’ve observed a significant surge in Pepe’s daily trading volume over the last 24 hours, with a remarkable increase of 76%. This translates to a impressive figure of $3.85 billion.

Based on a recent article from published on May 14, there has been a significant increase in large-value PEPE transactions, specifically those exceeding $100,000, within the past 48 hours. However, Santiment’s data reveals a decrease from 706 to 698 such transactions that occurred over the last 24 hours.

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2024-05-15 10:44