PEPE Price Rally: Smart Trader Nabs 1200% Profit Trading Pepe Coin

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.

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