After Pepe (PEPE) surged to record-breaking heights, one trader scored big, making a profit 15,718 times their initial investment in just a year.
Based on data from Lookonchain, this trader scooped up a whopping 4.9 trillion PEPE for less than $3,000 on April 15, 2023, trading in $2,256 worth of Timeless (LIT), $210 worth of Ethereum (ETH), and 500 USDC for the memecoin.
With the staggering returns, they’ve already sold off 1.41 trillion PEPE, pocketing a cool $7.4 million.
On-chain analytics reveal the trader still holds 3.5 trillion PEPE tokens, valued at approximately $38.9 million as of now. This windfall coincides with PEPE smashing its previous all-time high, soaring to $0.00001145 earlier today.
The meme coin, featuring everyone’s favorite frog, has surged by 12.1% in the past 24 hours, currently trading at $0.00001142. With this rally, PEPE now boasts a total market cap of $4.8 billion, securing its position as the 23rd largest cryptocurrency.
Furthermore, daily trading volume for Pepe has skyrocketed by 76% in the past day, reaching a staggering $3.85 billion.
As reported by web30.news on May 14, whale transactions—those worth at least $100,000 in PEPE—have surged over the past 48 hours. However, data from Santiment indicates a slight drop from 706 to 698 such transactions over the last 24 hours.
Disclaimer: Remember that nothing in this article and everything under the responsibility of Web30 News should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves inherent risks and potential investors should be aware that capital is at risk and returns are never guaranteed. It is imperative that you conduct thorough research and consult with a qualified financial advisor before making any investment decision.
