Crypto trader turns $3K investment into $73M with PEPE

A crypto investor has successfully transformed a $3,000 investment in the meme coin Pepe (CRYPTO:PEPE) into an astonishing $73 million profit. 

According to data from Lookonchain, the trader purchased 4.91 trillion PEPE tokens on April 15, 2023, shortly after the coin's launch.

The investor strategically sold off 3.03 trillion tokens, realizing about $27.5 million in profits. 

Despite these sales, they still hold 1.88 trillion tokens valued at approximately $45.66 million, bringing their total profit to $73 million.

The trader's ability to time their sales during market peaks significantly contributed to their success. 

On December 9, 2024, PEPE reached an all-time high (ATH) of $0.000028, prompting the investor to sell 100 billion tokens for about $2.8 million.

This sharp price rally allowed them to maximize profits before the coin's value began to decline.

The analysis of the trader's activities reveals a keen understanding of market cycles, as they capitalised on favorable conditions while maintaining a substantial holding.

Ownership trends indicate that the majority of PEPE holders are relatively new to the asset, with 85% having acquired it within the past year.

Market sentiment remains optimistic despite recent fluctuations, with significant whale activity contributing to ongoing interest in PEPE.

In recent weeks, a single whale reportedly moved $13.8 million in DAI to purchase 555 billion PEPE tokens within a short period, reflecting strong demand for the asset.

Despite this dip, analysts suggest that the combination of whale purchases and positive market sentiment could lead to further price increases in the future.

At the time of reporting, the Pepe price was $0.00002244.