Here’s How 600 Days Dormant PEPE Whale Turned $27 Into $52M With PEPE Token

Dormant PEPE Whale returned to the crypto market after 600 days, transferring its 2.1T PEPE token (worth 52M), which it bought for just $27.
By Pooja Khardia
Published: 14 Dec, 2024 | 10:45:20 AM GMT
Here's How 600 Days Dormant PEPE Whale Turned $27 Into $52M With PEPE Token

Highlights

  • Dormant PEPE whale investment brought 1,900,000x returns after its $27 turned into $52M.
  • The crypto whale has kept these tokens for nearly 2 years before transferring them to a new wallet.
  • PEPE's profitable nature attracted thousands of investors, and its price surged 1606% in YTD.

Since the crypto trading market turned bullish with Donald Trump’s win in the US elections, many dormant accounts have returned to the market to benefit from the rally. One such PEPE holder has also benefitted heavily from this, turning $27 into $52M with his investment in PEPE tokens. Interestingly, this was not just a day or month deal, as this dormant PEPE whale has been holding trillions of tokens for two years.

Advertisement
Advertisement

Dormant PEPE Whale Made 1,900,000x Return with PEPE Token

As per the Lookonchain post, the crypto whale was dormant for 600 days before becoming active in the crypto trading market. Back then, it spent 0.0135 ETH, equivalent to $27, to buy 2.1T PEPE when the price was low. However, over the token’s bullish performance this year, the same investment has turned to $52M, making an extraordinary return on the investor.

A $PEPE whale that had been dormant for 600 days transferred all 2.1T $PEPE($52M) to a new address.

This whale initially only spent 0.0135 $ETH($27) to buy 2.1T $PEPE and has held it until now.

From $27 to $52M—an extraordinary 1,900,000x return!https://t.co/Et442zxUGk pic.twitter.com/35sp0Iu46E

— Lookonchain (@lookonchain) December 14, 2024

The dormant PEPE whale still holds all these tokens but has transferred to a new wallet. With that, this investor made a 1,900,000x return after holding those tokens for two years.  Interestingly, this is not the only crypto trader who profited from the PEPE token. Another trader turned $70 to $7M after holding the tokens for two years, similar to this crypto whale.

This reveals how the trending meme coins are setting the benchmark for heavy returns. However, there are volatility risks in these meme-themed cryptocurrencies, creating the need for proper crypto trading strategies.

Advertisement
Advertisement

Can PEPE Price $1?

With more and more crypto users becoming millionaires with such memecoin, investors are curious whether PEPE will hit the $1 mark or not. It has one of the most bullish performances this year, gaining 1606% value in YTD, and has recently achieved the ATH of $0.00002825, currently trading at $0.00002397 with a market capitalization of $10.08B. However, for the Pepe price to hit $1, its value has to grow by 4.13 million percent, which is nearly impossible unless a major bull run hits the market.

PEPE Token Price Performance

Not to $1, but the token’s rally could continue further, as it has been moving in a major cup and handle pattern for months.

Advertisement
Advertisement

What’s The Lesson Here With This Dormant PEPE Whale Story?

In the crypto market, traders require proper crypto trading strategies to tackle the market’s volatility, changing trends, and much more. This dormant PEPE whale did the same and followed simple yet affecting trading strategies, like identifying potential tokens, buying at low, and holding for long. These three steps have made this trader millions of dollars in profit in PEPE tokens, as he turned its $27 investment into $52M over 600 days, becoming an example for the entire community.

Advertisement
Pooja Khardia
Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section. Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights. Known for a user-centric and straightforward writing style, Pooja is passionate about making crypto easy and accessible. Her writing blends market research with storytelling, helping readers stay ahead in a fast-paced industry. When not behind the keyboard, Pooja embraces her creative side through drawing and crafting. Connect with Pooja on LinkedIn or X.
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and 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.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.