Pepe Coin Price: Smart Trader Nabs 867% Profit, PEPE Hits New All-Time High

Pepe Coin Soars to All-Time High, Smart Trader Bags 867% Profit

Pepe Coin (PEPE) has reached unprecedented heights, setting a new all-time high amidst a surge in bullish momentum within the cryptocurrency market. PEPE has experienced significant gains in both spot and futures trading, surpassing Polygon (MATIC) during the price rally.

Smart Trader Profits Massively from PEPE Sale

A discerning trader has capitalized on the soaring PEPE price, transforming an initial investment of $250,000 into an astounding $2.42 million. As per blockchain tracking platform Lookonchain, the trader acquired 160.62 billion PEPE tokens on December 6 and 7, 2023.

This strategic purchase yielded substantial returns when the trader sold their entire holdings for 644 ETH, valued at approximately $2.42 million. Consequently, the trader realized a profit of roughly $2.17 million, representing an impressive 867% return on investment (ROI).

Moreover, the same trader exhibited skillful trading through investments in Pepe Coin derivatives. They invested $25,000 in 139,822 Pepe Coin futures on December 6, 2023. By selling a portion of these holdings—25,000 coins—for 30.27 ETH (equivalent to $113,000), the trader secured a significant profit.