- Through the trading of PEPE Coin, an investor made a 15,718x return on $3,000, turning it into $46 million.
- Strong market performance resulted from a jump in PEPE Coin’s popularity on Ethereum due to increasing transaction volumes.
With a little $3,000 investment, a smart investor has made headlines by trading the well-known memecoin PEPE for an astounding $46 million. This amazing 15,718x return on the first investment demonstrates the enormous profits that are possible in the erratic cryptocurrency market.
Trades That Pay and Sales Strategies
Lookonchain tweeted statistics indicating that this “super big winner” sold 255 billion PEPE tokens, or $2.3 million, following a spike in PEPE value. This strategic sale followed the investor’s original $3,000 purchase of 4.9 trillion PEPE tokens on April 15, 2023, which are now valued at $56 million.
The investor made $7.4 million selling 1.41 trillion PEPE tokens, leaving them with 3.5 trillion PEPE tokens valued at $38.9 million. With a total return from these transactions of almost $46.3 million, the initial investment was astonishingly increased by 15,718x.
Earned more than $46M on $PEPE with only $3K, a gain of 15,718x!😱
This super big winner sold 255B $PEPE($2.3M) for profits again after the price of $PEPE increased.
He spent only $3K to buy 4.9T $PEPE($56M currently) on Apr 15, 2023, and sold 1.41T $PEPE for $7.4M, with 3.5T… pic.twitter.com/VKGxmK9gCt
— Lookonchain (@lookonchain) May 15, 2024
When to Enter the Market: Taking Advantage of PEPE’s High
Part of the investor’s success was their acute sense of market timing. Following PEPE’s new record high, which suggested a possible short-term drop, the whale has profited from the circumstances. This choice emphasises the need to know market cycles and be able to foresee possible price changes.
On the other hand, driving much larger transaction volumes than its rivals, PEPE Coin became a well-known memecoin on the Ethereum network earlier this month, in line with what ETHNews previously disclosed.
According to CoinGecko data, the price of PEPE at the moment of writing is about $0,00001151, up 12.27% in the previous 24 hours. PEPE has also performed admirably during the last seven days, rising by a noteworthy 45.68%.