Crypto Investor Turns $3,000 into $46 Million with Pepe Trade
Release: 2024/05/15 21:59 Reading: 245
You can also read this news on COINTURK NEWS: Crypto Investor Turns $3,000 into $46 Million with Pepe Trade
A crypto investor made headlines after turning a $3,000 investment into over $46 million through a Pepe trade. Blockchain data tracking platform Lookonchain shared this extraordinary transaction, which achieved a 15,718x return, with its followers. The investor's success story highlights the volatility and potential of memecoin projects but raises questions about the timing and knowledge behind such trades.
An Investor's Success Story Emerges
Lookonchain noted that the investor initially bought 4.9 trillion PEPE tokens on April 15, 2023, with an investment of approximately $3,000. Since then, PEPE's value has rapidly increased, allowing the investor to sell some of their holdings for significant profits.
The investor sold 1.41 trillion PEPE for $7.4 million and 255 billion PEPE for approximately $2.3 million. Despite these sales, the investor still holds 3.5 trillion PEPE, valued at around $38.9 million at current prices. According to Lookonchain data, the investor's total profit is $46.3 million.
src="/uploads/20240516/17157892096644dd99c6eab.png">
However, the purchase date being close to PEPE's launch time raised questions within the crypto community. Additionally, on the same date, on-chain data revealed that the investor swapped approximately $2,256 worth of 20,000 Timeless (LIT) tokens to purchase 3.4 trillion PEPE.
Given LIT's relatively obscure status and a market cap of only $3.6 million, the decision to swap LIT for PEPE at that moment suggests insider knowledge. On April 15, 2023, the LIT token was trading at $0.111814, contrasting sharply with its current price of $0.001539. This further fueled speculation about the investor's possible insider knowledge and highlighted the trade's timely and extraordinarily profitable nature.
src="/uploads/20240516/17157892096644dd99c6eab.png">
Famous Figure Returns
Regardless of the investor's insider knowledge, PEPE experienced a rapid rise. CoinGecko data shows that PEPE reached an all-time high of $0.00001151 today, marking its second record high this week. PEPE ranks third among memecoin projects, following Dogecoin (DOGE) and Shiba Inu (SHIB), with a market cap of $4.68 billion.
PEPE's recent success can be attributed to renewed interest in meme assets following the return of Keith Gill, also known as Roaring Kitty. Known for his role in the GameStop stock frenzy, Gill recently reappeared on social media, sparking a wave of speculation and investment in memecoins and stocks.
The post first appeared on COINTURK NEWS: Crypto Investor Turns $3,000 into $46 Million with Pepe Trade
Recent news
More>- Dogecoin Rebound Underway as Retail DOGE Adoption Soars 11-28
- Pepe Coin (PEPE) Has More Room to Grow, But It’s Not the Millionaire-Maker it Was in 2023: Here’s The Token That Will Lead the Next Big Mark... 11-27
- Popular Memecoin Whales Are Selling: Is Price Under Pressure? 11-27
- Massive Crypto Boom Ahead! This Memecoin Is Poised to Surpass Dogecoin and PEPE With 8,000% Growth 11-27
- Polymarket Odds Favor Popcat, Mog Coin, And Moo Deng For Next Binance And Coinbase Listings — But Will These Dark Horses Jump The Queue? 11-27
- 3 Altcoins Cheaper Than a Cup of Latte That Will Deliver a Lambo in 60 Days 11-27
- Pepe Coin (PEPE) and This Token Repeat Dogecoin’s (DOGE) 2021 Price Momentum, Here’s What Comes Next 11-27
- 5 Meme Coins That Could Help You Turn $50 Into $50,000 Before 2025! 11-27
- Bitcoin price dips but this new crypto ICO is raising millions 11-27
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Top 4 Altcoins At 70% Discounts – Last Chance!
- 8 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
- 9 Top Analyst Who Predicted Dogecoin (DOGE) Last 170x Rally Forecasts New Parabolic Rise, Here’s His Price Target
- 10 New Solana Memecoin Trump Loves Elon to Rally 15,000% Before Exchange Listing, SHIB and Bonk Crash
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com