Trader made $46 million with PEPE after hitting new ATH

Trader Turns $3,000 into $46 Million in One Year with Pepe (PEPE) Surge

Following Pepe (PEPE)'s remarkable price rally to new all-time highs, a trader has realized an extraordinary 15,718x profit.

According to Lookonchain, the trader acquired 4.9 trillion PEPE for under $3,000 on April 15, 2023, by exchanging $2,256 worth of Timeless (LIT), $210 worth of Ethereum (ETH), and 500 USDC.

Over $46 Million Earned with an Initial Investment of $3,000

The trader subsequently sold 255 billion PEPE ($2.3 million) for further gains. Despite the initial $3,000 investment, the trader currently holds 3.5 trillion PEPE tokens, valued at approximately $38.9 million.

PEPE's Meteoric Rise

These substantial profits coincide with PEPE's recent all-time high of $0.00001145. The frog-themed meme coin has experienced a 12.1% surge in the past 24 hours, trading at $0.00001142 at the time of writing.

PEPE's Market Dominance

With a market capitalization of $4.8 billion, PEPE ranks as the 23rd-largest crypto asset. Its daily trading volume has also witnessed a 76% increase, reaching $3.85 billion.

Whale Activity

Crypto.news reported on May 14 that whale transactions involving $100,000 or more of PEPE had spiked in the preceding 48 hours. However, data from Santiment indicates a slight decline in such transactions, from 706 to 698.

Conclusion

The trader's remarkable gains highlight the potential for substantial returns in the cryptocurrency market. PEPE's impressive price performance and the influx of whale activity suggest that the meme coin is poised for continued growth.