PEPE’s bull run turns early investors into millionaires in a week
Release: 2024/03/05 05:34 Reading: 985
PEPE’s 350% surge in a week has seen several investors make millions from investments as low as $3,000 a month ago.
PEPE reached an all-time high of $0.000008214 today, establishing it as the third-largest memecoin by market cap. Over the past month, the memecoin has seen an incredible increase of more than 600%.
According to Lookonchain, one instance involves an early investor who turned a modest investment of $3,000 into $35.5 million by purchasing 4.9 trillion PEPE. Despite selling a fraction of his holdings, the investor remains the 13th largest holder of PEPE, with a current valuation of $30.8 million and an overall profit exceeding $32.8 million, marking a profit 11 times the original investment.
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Further emphasizing the coin’s bullish momentum, Lookonchain reported that investment firm Exnetwork Capital recently withdrew 142.8 billion PEPE, valued at approximately $1.03 million, from Bybit. Another trader’s patience paid off handsomely after holding 600 billion PEPE, bought at a high price last year, to witness a surge that significantly multiplied the investment’s value.
PEPE surpassed last cycle’s peak of $0.000007867, as the sentiment around Pepe Coin remains overwhelmingly bullish. This is reflected in the token’s Fear & Greed Index, which currently reads 82, indicating a state of “Extreme Greed” among investors.
Read more: Meme coin mania: PEPE tops gainers list with 70% spike
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