Crypto Trader Turns $241.5K Into $753M Holding PEPE

Key Points:

• A crypto trader realized significant gains of 31x by holding PEPE for over a year.
• The trader deposited over 356 billion PEPE coins on Kraken.

Impressive PEPE Gains:

According to Lookonchain, a crypto trader made a substantial profit by holding PEPE for more than a year. The initial investment of $241,500 has since grown to $7.53 million.

Record-Breaking Withdrawals and Sales:

One year ago, on September 20, 2023, the trader withdrew 375.65 billion PEPE coins from Gemini, equivalent to approximately $241,520.

Between February 17 and September 26, 2024, a portion of the PEPE holdings (19.55 billion) was sold, yielding around $244,000. The largest sale, amounting to $2.67 million, occurred approximately three months prior to the current time.

Recent PEPE Market Activity:

As of the article's publication, PEPE's market capitalization stands at $8.63 billion, marking a 1% increase within the past 24 hours. Its market cap recently reached a peak of $8.84 billion.

In the last seven days, PEPE has seen a remarkable 10% surge in market capitalization, rising from $7.37 billion on November 26 to $9.69 billion on December 1.

PEPE's Impressive Trajectory:

Over the past year, PEPE has experienced a notable surge of over 1,500%, reaching its all-time high (ATH) of $9.84 billion on November 16.

Since its inception in 2023, PEPE has achieved an impressive price increase of nearly 36,000%.

About PEPE Memecoin:

PEPE is a deflationary memecoin built on the Ethereum blockchain. It was created as a tribute to the popular internet meme "Pepe the Frog," originally created by Matt Furie in the early 2000s.

In April-May 2023, PEPE witnessed a significant price surge, propelling its market capitalization to $1.6 billion.