HomeNewsNew Dogecoin and Shiba Inu Competitor Nets Trader 38,675% Profit, Up 6x...

New Dogecoin and Shiba Inu Competitor Nets Trader 38,675% Profit, Up 6x in Two Weeks – Should You Invest? Report

- Advertisement -
    • A crypto trader made a 38,675% profit on a new meme coin named Pepe, which is being compared to Dogecoin and Shiba Inu.
    • The trader bought four trillion Pepe at a price of 2.1 Ethereum, worth $4,410, and has realized and paper profits of over $1.705 million.

Pepe Meme Coin Trader Makes Over $1.7 Million in Profit

According to on-chain data from Lookonchain, a crypto trader who is known to favor meme coins has made a profit of 38,675% on a new meme coin called Pepe. The trader purchased four trillion of the Pepe meme coin at a price of 2.1 Ethereum, worth $4,410 at the time. A large portion of the four trillion Pepe was sold, and a balance of less than one trillion now remains, all resulting in combined realized and paper profits of over $1.705 million.

The trader discovered Pepe and spent 2.1 ETH to buy four trillion Pepe six hours after it was listed. After each price surge in Pepe, the trader sold part of the coin instead of selling all of them. In total, the trader sold 3.27 trillion Pepe for $906,000 and currently holds 700 billion Pepe worth $808,000.

Triple-digit Profits on Two Lesser-known Meme Coins

The trader who mostly transacts on the Ethereum blockchain has also made triple-digit profits on two other lesser-known meme coins, according to the on-chain data tracker Lookonchain. The trader has transactions on almost every chain, and 97% of their assets are on Ethereum. The trader bought BULL at $0.00075, which is now at $0.0045, an increase of 500%.

The trader also bought BABYPEPE at $0.00000000024, which is now at $0.00000000123, an increase of 415%.

Check Price Action, Follow on Social Media

Check the latest price action on your favorite cryptocurrencies, and follow the Daily Hodl on Twitter, Facebook, and Telegram to stay informed about the latest crypto developments.

Latest Industry Announcements

Read the latest industry announcements, including Symmetry’s launch of a revolutionary platform for decentralized crypto indices and actively managed funds on Solana and Ojamu’s announcement of ‘Alphie’ Launch – its latest AI-driven smart tool for the blockchain industry integrated with ChatGPT.

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.
Godfrey Benjamin
Godfrey Benjamin
Godfrey Benjamin is an experienced crypto journalist whose primary goal is to educate everyone about the prospects of Web 3.0. His love for crypto was sparked during his time as a former banker when he recognized the clear advantages of decentralized money over traditional payments. Business Email: info@ethnews.com Phone: +49 160 92211628