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Trader made $46 million out of $3000 on PEPE memcoin

Altcoins: Trader made $46 million out of $3000 on PEPE memcoin

An unknown #trader earned an amount exceeding 46 million dollars by buying the Pepe Coin memcoin (PEPE). This financial triumph was reported by analyst firm Lookonchain.

On April 15, 2023, the trader allocated $3,000 to purchase 4.9 trillion PEPE. Soon after, a portion of 1.41 trillion tokens was sold for a sum of $7.4 million. After this profitable move, the investor took a passive stance and refrained from further transactions with the #asset for almost a year.

At the beginning of March 2024, the trader began a gradual process of token liquidation. At the moment, the investor boasts an impressive balance sheet of over $38.6 million. The cumulative income exceeded 46 million dollars, which is 15,718 times higher than the initial investment.

It is worth noting that on May 15, 2024, the PEPE token reached an all-time high of $0.00001161, highlighting the unpredictability of the memcoin market.

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