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Continuing with the praises of Pepe Coins gains, a trader has turned his mere $462 investment into $3.4 Million. It is no shock as this frog meme coin has surged almost 100% this month, making its value more than twice what it was at the start of the month and setting the all-time high record of $0.00001718. Though the PEPE price has begun to move away from the ATH target, the investors still succeeded in making good profits earlier, including this trader.
PEPE Price Rally Made 7,368X Returns To Trader
Lookonchain, an on-chain analytics platform, revealed this PEPE trader’s story through an X post. The post explains how the trader invested $462 (0.22 ETH) to buy 324.9 Billion PEPE tokens a year ago on April 15, 2013. And recently, the trader deposited 182.9 Billion tokens on the Binance exchange worth $2.53 Million. Moreover, the trader already sold 42 billion tokens in July 2023 and another 100 Billion tokens on May 4, 2024, making $3.4 Million in this year’s interval.
Overall, with the 324.9 Billion PEPE token, the trader has succeeded in making 7,368x by turning his investment of $462 into $3.4 Million.
An early buyer of $PEPE deposited all 182.9B $PEPE($2.53M) into #Binance 6 hours ago.
This guy spent 0.22 $ETH($462) to buy 324.9B $PEPE on Apr 15, 2023 and sold it all for $3.4M.
He was lucky enough to turn $462 into $3.4M, a gain of 7,368x!
Address:https://t.co/o4UcGKVHEh pic.twitter.com/zq03iGzcAe
— Lookonchain (@lookonchain) May 22, 2024
The crypto community is praising the trader for being an early PEPE investor and holding the meme coin for so long. More importantly, making such huge gains with mere meme coin investment.
Is PEPE The Best Meme Coin For 2024?
PEPE is definitely among the best meme coins for this year because of its continuous gains from the beginning of the year. Though Pepe Coin was introduced last year, the token price declined heavily after creating a peak in the first few days of launch. However, with the beginning of 2024, it exhibited a bullish nature, creating the first peak of the year in March, and reaching a high of $0.000009977.
Again, this frog coin surged at the start of May, where it surged to a high of $0.00001057, further proceeding to rise to $0.0000138, $0.00001492, and lastly $0.0000167, which is the current ATH. Presently, PEPE is on a downward trend, but analysts claim it will rise to as high as $0.000045 with the upcoming altcoin rally.
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