Three crypto traders have reportedly made millions of dollars through their early investments in meme-based cryptocurrencies, Shiba Inu (SHIB) and PepeCoin (PEPE). According to Lookonchain, a blockchain data provider, the traders, identified as 0x778c, 0x2af8, and cryptopolitan.eth, made significant profits by buying these coins early on.
Notably, Lookonchain has shared a tweet highlighting the impressive earnings of three traders who were early investors in meme tokens SHIB and PEPE:
1/ Missed the $PEPE?
— Lookonchain (@lookonchain) May 6, 2023
We found 3 SmartMoneys that both bought $SHIB and $PEPE early and made millions of USD.
– 0x778c made $5.8M on $SHIB and $1.18M on $PEPE.
– 0x2af8 made $3.84M on $SHIB and $1.34M on $PEPE.
– cryptopolitan.eth made $2.45M on $SHIB and $695K on $PEPE.
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0x778c reportedly bought 1.31 trillion SHIB for $13.5K and sold it for $5.81M, resulting in a massive profit of approximately $5.8M. This trader also invested in PEPE, purchasing 396.7 billion coins for $9,815 and selling 116.8 billion coins for $392K, with 280 billion PEPE worth roughly $799K still in hand, resulting in a profit of around $1.18M.
Similarly, 0x2af8 made a profit of around $3.84 million on SHIB and around $1.34 million on PEPE. This trader invested $286K in PEPE since April 19 and reportedly holds 558.5 billion coins, valued at $1.6M currently.
Cryptopolitan.eth invested in SHIB in February and purchased 1.66 trillion coins for $1.6 million and sold them for $4.05 million, making a profit of around $2.45 million. This trader also invested in PEPE, buying 340 billion coins for $103K and earning a profit of around $695K.
With the hype around meme cryptocurrencies gaining traction, these traders have certainly hit the jackpot. It is not known how much of these profits have been cashed out or what their future plans are for these coins.
However, their success stories have undoubtedly inspired many to invest in these projects in the hope of replicating their success. Investors are requested to be cautious as these investments are high-risk and volatile; traders should conduct thorough research before investing their hard-earned funds.
