Here’s How This Trader Turned $462 into $3.4 Million With PEPE
Release: 2024/05/30 19:51 Reading: 887
Continuing with the praises of Pepe Coins gains, a trader has elevated their small $462 investment into a significant $3.4 Million. This is unsurprising as this frog meme coin has skyrocketed nearly 100% this month, resulting in a value that has doubled since the beginning of the month and has set an all-time high record of $0.00001718. While the PEPE price has begun to shift away from the ATH target, investors, including this trader, have still managed to secure impressive profits.
PEPE Price Rally Yields 7,368X Returns To Trader
Lookonchain, a platform providing on-chain analytics, revealed this PEPE trader's journey through an X post. The post details how the trader invested $462 (0.22 ETH) to purchase 324.9 Billion PEPE tokens one year ago on April 15, 2013. Recently, the trader deposited 182.9 Billion tokens, valued at $2.53 Million, onto the Binance exchange. Additionally, the trader had previously sold 42 billion tokens in July 2023 and another 100 Billion tokens on May 4, 2024, amassing $3.4 Million during this period.
In total, the trader has achieved a remarkable 7,368x return by turning their initial $462 investment into $3.4 Million.
An early buyer of src="/uploads/20240530/171707428866587970c3a10.png"> deposited all 182.9B ($2.53M) into #Binance 6 hours ago. This individual invested 0.22 $ETH($462) to acquire 324.9B on Apr 15, 2023 and subsequently sold it for a total of $3.4M. Their astute investment resulted in a remarkable gain of 7,368x, transforming their $462 into $3.4M! Address:https://t.co/o4UcGKVHEh pic.twitter.com/zq03iGzcAe
— Lookonchain (@lookonchain) May 22, 2024
The cryptocurrency community applauds the trader's early investment in PEPE and their ability to hold the meme coin for an extended period. Notably, the trader secured substantial gains from a seemingly modest investment in a meme coin.
Is PEPE The Most Prominent Meme Coin Of 2024?
PEPE is undoubtedly among the most successful meme coins this year due to its consistent gains since the year's commencement. Although Pepe Coin was introduced last year, its price experienced a significant decline after reaching a peak in the initial days of its launch. However, with the advent of 2024, the coin has exhibited bullish momentum, establishing its first peak of the year in March at $0.000009977.
The frog coin surged again at the beginning of May, reaching highs of $0.00001057, $0.0000138, $0.00001492, and finally $0.0000167, which is its current ATH. While PEPE is currently experiencing a downward trend, analysts predict its rise to $0.000045 during the impending altcoin rally.
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