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Following Donald Trump’s victory in the U.S. elections, the crypto trading market witnessed a surge, prompting many passive accounts to capitalize on the market’s recovery. Among these investors, a PEPE token holder turned an initial investment of $27 into an astounding $52 million. Interestingly, this investor has held trillions of tokens for two years, demonstrating the potential for long-term gains in the crypto space.
Dormant PEPE Whale Achieves 1,900,000-Fold Return
According to Lookonchain, the crypto whale had remained inactive for 600 days before becoming active in the trading market. During this dormant period, the investor purchased 2.1 trillion PEPE tokens for just 0.0135 ETH, approximately $27. Thanks to the token’s impressive performance this year, this investment blossomed into $52 million, yielding extraordinary returns for the investor.
A PEPE whale, inactive for 600 days, transferred all 2.1 trillion PEPE to a new wallet.
This whale initially spent only 0.0135 ETH (27 dollars) to acquire 2.1 trillion PEPE and has held it ever since.
From $27 to $52 million – an extraordinary return!
– Lookonchain
While the dormant PEPE whale still holds all these tokens, it recently transferred them to a new wallet. The investor achieved a staggering 1,900,000-fold return by holding the tokens for two years. Notably, this whale is not the only crypto trader benefitting from PEPE, as another investor turned $70 into $7 million over a similar period.
This scenario indicates that popular meme coins are setting a standard for high returns. However, these meme-themed cryptocurrencies come with volatility risks, underlining the need for suitable trading strategies.
Does PEPE Have Potential to Reach $1?
As more crypto users become millionaires through meme coins, many wonder if PEPE will reach the $1 mark. PEPE has shown one of the strongest performances this year, increasing by 1606% and recently hitting an all-time high of $0.00002825. Currently trading at $0.00002397 with a market cap of $10.08 billion, PEPE would need to increase by 4.13 million times to reach $1, which seems nearly impossible without a major bull market.
Even if it doesn’t hit $1, the token’s rally could continue, as it is forming a significant cup or handle pattern over several months.
What Can We Learn from This PEPE Whale Story?
In the crypto market, investors need effective trading strategies to navigate volatility, changing trends, and more. This dormant PEPE whale exemplified successful strategies by identifying potential tokens, buying low, and holding long-term. These three steps propelled the trader’s $27 investment into $52 million, serving as a beacon for the community.
While this story highlights the potential for significant profits from meme coins, it also serves as a reminder for investors to be cautious of the high volatility inherent in such cryptocurrencies.
