Early Investor Turns Small Investment into Millions with PEPE Coin

Early Investor Turns Small Investment into Millions with PEPE Coin

An early investor in one of the top 30 meme coins by market capitalization has garnered attention by transforming a modest investment into millions within a year.

PEPE Coin Transactions

Data from Lookonchain reveals that an investor purchased PEPE (PEPE) tokens shortly after its market debut.

The trader sold 42 billion Pepe tokens on July 7, 2023, followed by 100 billion on May 4, and the remaining tokens on May 22, amassing a 735,831% profit.

Another PEPE investor deposited 182.9 billion PEPE (worth $2.53 million) to Binance within six hours. This individual initially invested 0.22 Ethereum ($462) on April 15, 2023, to acquire 324.9 billion PEPE, which were subsequently sold for $3.4 million, yielding a 7,368x return.

Lookonchain also identified a trader who purchased trillions of PEPE between April 14 and April 23, 2023, and is currently holding them, realizing a profit of over 95,000,000%.

Three wallets (owned by the same individual) invested only 0.041 Ethereum ($83) to acquire 6.44 trillion PEPE (worth $79.4 million) and have not sold any tokens to date.

BlockTower Capital's Involvement

Lookonchain data indicates that BlockTower Capital, a reputable crypto investment firm, earned over 20% profit by selling PEPE on the institutional trading platform Cumberland.

BlockTower Capital transferred 202 billion PEPE (worth $2.8 million) to Cumberland for sale after the PEPE price surpassed $0.000014.

The firm had initially purchased 202 billion PEPE (worth $2.22 million) through Cumberland six days prior, generating a $578,000 profit and a 26% return on investment within that timeframe.

PEPE Coin's Market Performance

PEPE Coin has gained market attention due to its consecutive all-time highs. At the time of writing, PEPE is trading at $0.0000136, representing a gain of over 1%.

During this period, PEPE's market capitalization exceeded $5 billion. However, the 24-hour trading volume has declined by 18% to just over $3 billion, indicating a potential loss of interest.