PEPE Price Rally: Smart Trader Nabs 1200% Profit Trading Pepe Coin
Highlights
- A smart trader has made 1200% profit with Pepe coin.
- Further the trader also made huge profits from trading ONDO & BEAM.
- PEPE and BEAM prices dip, although ONDO is among the top gainers for today.
Against the backdrop of a bull run undertaken by Pepe coin, a renowned frog-themed meme cryptocurrency, a smart trader has been recorded making huge profits. This phenomenon has gained significant traction across the global crypto community, underscoring meme-based investments’ potential to offer investors gains.
Notably, Pepe coin’s price rallied exceptionally over the past few days, with the token hitting new ATHs multiple times. Here’s a closer look into the smart trader’s investment portfolio and PEPE’s price movements.
Smart Trader Makes Profit Off PEPE, ONDO, & BEAM
According to the insights revealed by the on-chain tracking platform Lookonchain, a smart trader has increased his investment portfolio from $23M to $65M, earning $42M in just a year. Intriguingly, he traded PEPE, ONDO, & BEAM cryptos to make these profits.
The trader spent 2,434 ETH to buy 3.97 trillion PEPE. Thereafter, sold 125 billion PEPE for 350 ETH, worth $1.27 million. Still holding 3.84 trillion PEPE, worth $56.43 million, the smart trader has an ROI of 1203%.
Meanwhile, the trader also bought 7.55 million ONDO, worth $1.9 million, at an average price of $0.26. Then, it sold 2.56 million ONDO at an average price of $0.79, still holding 4.99 million ONDO worth $5.73 million. This trading strategy boasted an ROI of 288%.
Further, the trader bought 139.47 million BEAM, worth $4.44 million, at an average price of $0.019. Selling 139.47 million BEAM at an average price of $0.032, the trader made profits with an ROI of 72%.
Also Read: XRP Whale Dumps 56M Coins Amid Price Fluctuations, What’s Next?
PEPE, ONDO, & BEAM Price Movements
Whereas, as of writing, PEPE’s price has illustrated signs of a pullback, dipping 4.26% in the past 24 hours to $0.0000139.It’s worth noting that PEPE recently hit a new ATH, defying broader market sentiments.
BEAM’s price tumbled 3.69% over the past day, resting at $0.02659. With yearly chart illustrating gains worth 442.51%, the token has garnered noteworthy interest among crypto market participants.
On the other hand, ONDO’s price surged 7.29% in the past 24 hours, reaching $1.07. The token is currently among the top gainers in the market, per Coinmarketcap’s data.
Crypto market enthusiasts continue to speculate if these cryptos have room for further gains gains.
Also Read: Bitcoin Puell Multiple Is Currently In Discount Range, BTC Price Rally to Begin Soon?
- Sharps Technology Plans $100M Buyback to Boost Solana Treasury as SSK ETF Hits Record $382M AUM
- Will Bitcoin Reverse to $115K Max Pain Price amid Crypto Options Expiry Today?
- Cardano Gets 100 Million User Exposure With Brave Integration, Whales Scoop 70M ADA
- Japanese Gaming Firm Gumi to Boost Treasury With BTC, XRP After $38M Raise
- BNB Leads Crypto Market Rally With Fresh All-Time High, Expert Sees $5000 Upside
- Bitcoin Price Hits $120K, Is Citigroup’s Bold Q4 Prediction in Motion?
- Pi Network Price at Risk of Another Crash as Mysterious Whale Stops Buying
- Solana Price Eyes $360 After Bullish Retest As VisionSys AI Deploys $2B Treasury Strategy
- Cardano Price Forecast As Hashdex Listing Fuels Optimism For $1.27 Breakout
- BONK Price Rally Ahead? Open Interest Jumps as TD Buy Signal Flashes
- Shiba Inu Price to Surge as Whales Buy and Team Commits to Shibarium Growth
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
