A Pepe Coin investor has turned an initial $3,000 investment into $73 million, achieving an extraordinary 24,656x return. The token recently reached a new all-time high of $0.000028, breaching the $10 billion market cap milestone for the first time.
According to blockchain analytics platform Lookonchain, the trader’s journey began on April 15, 2023. That was when the investor made the purchase of 4.91 trillion PEPE tokens. Through calculated exit strategies, they’ve already realized $27.5 million in profits by selling 3.03 trillion tokens. Their remaining position of 1.88 trillion PEPE tokens is currently valued at $45.66 million. This brings their total realized and unrealized gains to $73 million.
The token’s price performance has been notable, with major gains across multiple timeframes. PEPE has achieved returns of 22.4% over seven days, 33.9% and 120.8% over a month, and 1,538.9% over the past year. The token’s journey from its all-time low of $0.075514 in April 2023 to its recent peak represents a 45,581.6% increase in value.
Bitcoin Drops 3% Amid $1.76B Liquidations, ETH and XRP FallRecent market activity suggests continued institutional interest, with Lookonchain reporting major whale accumulation. In a two-hour window, nine wallets, suspected to belong to a single whale entity, invested 13.8 million DAI to acquire 555 billion PEPE tokens at an average price of $0.000025.
The token’s 24-hour trading range has shown considerable volatility, fluctuating between $0.00002246 and $0.00002803, with the upper bound marking its new all-time high achieved on December 9, 2024. This price action demonstrates both the potential rewards and risks involved in meme token trading.
This success story illustrates the potential returns available in the cryptocurrency market while also highlighting the importance of strategic entry and exit planning. However, it’s worth noting that such returns are rare and often come with risks.
