It is a well-known fact that many crypto projects from the past to the present have created their own wealthy individuals. It is known in crypto circles that even Bitcoin has created such wealth. It is even known that there is a YouTube user’s video about buying $1 worth of Bitcoin when it comes to Bitcoin. In this context, it would be wrong to think that other projects have not experienced similar situations. PEPE has recently become one of the projects that has attracted attention in this regard after its recent surge. It emerged that an investor made millions of dollars with a small investment.
The Wallet of a PEPE Millionaire
Lookonchain provided data that revealed a significant event. Last year, an early investor in PEPE (0x25…6E2a) took a chance and spent about $3,000 to buy 4.9 trillion PEPE on April 15, 2023.
This was perhaps a big risk considering the project was in its early stages at the time. Later, the same address sold 760 billion PEPE for $2 million. Currently, without taking exchanges into account, it is the largest holder address and the current value of its PEPE is at an incredible level of $29.2 million.
The profit this investor has made after PEPE has surpassed the $30 million mark, bringing in a return of more than 10,000 times. In the past, many crypto projects had quickly made their patient early investors wealthy.
Although this situation involves a great risk, it does not change the fact that the reward can also be great. Nevertheless, it should not be forgotten that the user accepted a great risk, and it is known that this is not an everyday occurrence.
How Much is PEPE Worth Now?
While all this was happening, PEPE maintained its position as the cryptocurrency with the highest gains of the day. The gain was 1% in the last hour, 33% in the last 24 hours, and 406% over the last 7 days.
At the time of writing, PEPE was trading at 0.000007075 dollars. There was also an increase in PEPE’s 24-hour trading volume and overall market volume. PEPE’s 24-hour trading volume increased by 95% to over $3.2 billion, while the overall market volume increased by 30% to nearly $3 billion in the last 24 hours.
While the rise in meme coins continues, how long this will last is already becoming a matter of curiosity.
