PEPE Token Investor Sees 24,656x ROI, $73 Million Profit in Record Time
Release: 2024/12/11 15:09 Reading: 238
Pepe Surges, Investors Reap Massive Returns
In a remarkable turn of events, an investor who purchased $3,000 worth of Pepe in 2023 has witnessed their holdings soar to a staggering $73 million, marking an astronomical ROI of 24,656x.
Whale Activity Fuels Growth
Major Pepe "whales" have been ramping up their transactions, leading to a substantial asset increase of 119% for wallets holding between $1 million and $10 million.
Historical Performance and Future Outlook
Pepe (PEPE) has accrued a year-to-date gain of 1,737%, with a 259% surge recorded in the past 90 days. This impressive run has propelled PEPE into the top 20 largest cryptocurrencies by market capitalization, surpassing Uniswap (UNI) and Litecoin (LTC). Moreover, PEPE boasts one of the highest Returns on Investment, currently standing at an extraordinary 285,430,149%.
Investors Turn Thousands into Millions
Numerous investors have reaped substantial profits from Pepe trading, including one legendary trader who transformed a $3,000 investment into an astounding $73 million. According to LookOnChain data, this investor purchased 4.91 trillion PEPE for $3,000 on April 15, 2023. As of today, they have sold 3.03 trillion PEPE for $27.5 million, leaving them with an impressive 1.88 trillion PEPE worth $45.66 million.
Whales Accumulate Amid Positive Sentiment
Analysts remain bullish on Pepe, with Bluntz, a renowned analyst, predicting another bull run based on Elliot Wave analysis. Whales have been aggressively accumulating the asset, with data showing a recent $65 million purchase. Wallets holding at least $10 million in PEPE have increased their positions by over 147.81% in the past 30 days.
Transaction Spotlight
Confirming whale activity, LookOnChain data reveals that two wallets, potentially belonging to a single user, recently exchanged $5 million in USDC for 190 billion PEPE tokens. This transaction occurred when the asset was trading near its recent high of $0.000026.
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