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HomeNewsHow One Investor Turned $3K into $46M with PEPE Coin

How One Investor Turned $3K into $46M with PEPE Coin

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  • 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.

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%.

Disclaimer: ETHNews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. ETHNews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
Syofri
Syofri
Syofri is an active forex and crypto trader who has been diligently writing the latest news related to the digital asset sector for the past six years. He enjoys maintaining a balance between investing, playing music, and observing how the world evolves. Business Email: info@ethnews.com Phone: +49 160 92211628
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