Politician Pepe (POLPEPE) is a recently launched memecoin on the Solana blockchain, showing promise to join the ranks of mainstream coins like Dogecoin (DOGE) and Shiba Inu (SHIB).
An early POLPEPE investor has reportedly seen a significant profit, turning an initial $240 investment into over $2,500, a staggering 1,100% gain.
The investor made the purchase shortly after POLPEPE's Raydium trading debut and has held onto their tokens, anticipating further growth. The token's current price is projected to surge another 20,000%.
Many POLPEPE holders are choosing to retain their tokens, betting on long-term gains rather than immediate profit-taking.
A major boost for POLPEPE is its upcoming listing on KuCoin in July, a reputable centralized exchange. This will provide easy access to the token for millions of potential investors.
Within 24 hours of launch, POLPEPE experienced a 1,100% rally, bringing its market cap to $155,000. Projections indicate a possible surge towards a $20 million market cap.
For now, POLPEPE can only be acquired through decentralized Solana exchanges such as Jupiter and Raydium. To make a purchase, users must connect a wallet like Solflare, MetaMask, or Phantom and swap Solana for POLPEPE using its contract address: GmkVAWCUG7MQENXvLaxpYTMBwWsgRyWVnU9eYWQwTUWt.
Those without a compatible wallet can create one quickly and transfer Solana from exchanges like Coinbase or Binance to fund their POLPEPE purchase.
Early POLPEPE investors have the potential to reap significant returns, similar to those experienced by investors in SHIB, DOGE, and BONK before their price booms.
If this trajectory continues, a new wave of memecoin millionaires could emerge within weeks, if not sooner.