Sign Up on MEXC
Highlights
- PEPE token's exponential growth has turned a crypto investor's $70 into $7M.
- The investor bought $2.61T PEPE with 0.035 ETH ($70) and made 100,000x returns with those over two years.
- Two more traders made similar gains this month, clarifying the reasons behind PEPE's demand.
The crypto trading market is the space for opportunists who can bear the risk in this challenging market and earn heavy returns. However, the same opportunities can turn disastrous, making investors lose a heavy portion of their investments. Amid this unpredictability and constant crypto market growth this year, one crypto investor turned his $70 investment into $7M within two years with the PEPE token.
Here’s How Crypto Trader Turned $70 Into $7M
In an impressive crypto trading experience, a crypto investor turned his 0.035 Ethereum into millions of dollars after investing in a PEPE token. The Frog-themed token has been leading the popular meme coins list for years. However, the demand grew even higher in 2024, when it formed multiple ATH peaks, making heavy profits for its holders. It includes this one investor who spent 0.035 ETH ($70.4) to buy 2.61T PEPE worth $58.7M today.
An early buyer who spent only 0.035 $ETH($70.4) to buy 2.61T $PEPE($57.3M currently) deposited the remaining 189.4B $PEPE($4.15M) to #Kraken 50 minutes ago.
Even though he sold most of his $PEPE early on, he turned $70.4 into $7.06M—a return of over 100,000x.… pic.twitter.com/VfzBTY0LcO
— Lookonchain (@lookonchain) December 5, 2024
However, he sold a portion of these from time to time and managed to turn these $70.4 into $7.06M. The crypto investor’s most recent transaction was the deposition of 189.4B PEPE($4.15M) on Kraken on December 5, 2024.
Regardless, this person has made a 100,000x return over this $70, surprising the crypto trading community.
Similar Crypto Trading Experience In PEPE Token
PEPE is the 20th biggest cryptocurrency in the market thanks to its market capitalization of $10.59B. In the last 12 months alone, its price has increased 1401%, creating the ATH of $0.00002748 just 9 hours ago. However, it has moved 9% away from that currently trading at $0.00002516 with a trading volume of $6.83B. It clearly indicates the high demand for the token. Interestingly, such a profitable investor’s experience is growing its demand further. A memecoin investor turned $26 into $61.5M is another prime example of successful crypto trading in PEPE tokens.
Interestingly, in the last few days alone, Lookonchain has revealed two more crypto investors with high returns. One invested $241.5K and turned that into $7.53M after holding his token for a year. Another trader made $1.31M in profits after selling his 240B PEPE token.
A whale bought 240B $PEPE($3.64M) at a high price on May 29, and the price of $PEPE dropped afterward.
But instead of panic selling, he held on for 6 months.
Just 30 minutes ago, he sold his 240B $PEPE($4.95M), making a profit of $1.31M!https://t.co/PBnbhDLhjf pic.twitter.com/MPyfSkYMWs
— Lookonchain (@lookonchain) December 4, 2024
Interestingly, there are many similar cases in this and various other meme coins, as 2024 has witnessed heavy returns from this category.
What’s In There For You?
Meme coins have become the biggest attraction for the crypto trading industry in 2024. However, some memecoins scams are also equally repelling the new crypto investors, including this Hawk Tuah Girl memecoin controversy, where the Hawk coin pumped and crashed within a few hours, concerning the community over the possibility of a rug pull scam. That is why, investing in any cryptocurrencies, including PEPE tokens, requires intense research and strategies to stay profitable, like this crypto investor who turned $70 into $7M over two years.
- Bitcoin Treasuries Add Nearly $1B BTC This Week as Holdings Cross 1M BTC
- Peter Schiff Criticizes Bitcoin’s Performance Following Gold’s Rally To New ATH
- Arkham Uncovers $5 Billion in Untouched Bitcoin From Germany’s Movie2K Seizure
- Ethereum Spot ETFs Record $447 Million in Outflows Amid Crypto Market Decline
- World Liberty Financial Discloses Reason for Blacklisting 272 Wallets
- HBAR Price Forecast: Analyst Targets 123% Rally as ETF Approval Odds Hit 90%
- Solana Price Prediction: Will Solana Hit $320 as SOL Strategies Gains Nasdaq Approval?
- XRP Price Forecast: Analyst Eyes $127 as BlackRock Joins Ripple Swell 2025
- Chainlink Price Eyes $55 as Reserve Holdings Jump With 43,937 LINK Addition
- Cardano Price Targets 30% Surge as Top Economist Calls for Fed Cut
