An early investor in one of the top 30 meme coins by market value caught everyone’s attention by turning a few hundred dollars into millions over a little more than a year.
PEPE Coin Comments
According to data provided by Lookonchain, known for revealing major changes on the blockchain, an investor bought Pepe (PEPE) coin shortly after entering the market.
The trader first sold 42 billion Pepe tokens on July 7, 2023, then 100 billion on May 4, and finally the remaining tokens on May 22, achieving a 735,831% profit and drawing significant attention.
An early PEPE buyer deposited all 182.9 billion PEPE (worth $2.53 million) to Binance six hours ago. This person spent 0.22 Ethereum ($462) on April 15, 2023, to buy 324.9 billion PEPE and sold them all for $3.4 million. They turned $462 into $3.4 million, achieving a 7,368x gain!
Lookonchain also noted another trader who bought trillions of PEPE between April 14 and April 23, 2023, and is currently holding them, achieving over 95,000,000% profit.
This diamond-hand investor turned $83 into $79.4 million by buying and holding PEPE, achieving a 958,580x gain!
Three wallets (belonging to the same person) spent only 0.041 Ethereum ($83) to buy 6.44 trillion PEPE (worth $79.4 million) and have not sold any PEPE to date.
Another piece of data revealed by Lookonchain showed that BlockTower Capital, a prominent crypto investment firm, earned over 20% profit after selling some PEPE on the institutional trading platform Cumberland.
BlockTower Capital transferred 202 billion PEPE (worth $2.8 million) to Cumberland for sale two hours ago after the PEPE price exceeded $0.000014.
BlockTower Capital had bought 202 billion PEPE (worth $2.22 million) through Cumberland six days ago. They earned $578,000 in six days, achieving a 26% return on investment.
How Much is PEPE Coin?
PEPE Coin drew attention across the market after consecutive all-time highs. As of the time of writing, PEPE is trading at $0.0000136, up over 1%.
During this period, PEPE’s market cap exceeded $5 billion. However, the 24-hour trading volume is just above $3 billion after an 18% drop, indicating a clear decline in interest.
