Cryptocurrency Investor Transforms $3,000 PEPE Holdings into a $46 Million Fortune

Crypto analysis entity LookOnChain reports that a savvy investor turned a mere $3000 investment in Pepe (PEPE) into a towering fortune exceeding $46 million. The return on investment skyrocketed to an astonishing 15718X, translating to a growth of 1533233.33%.

On April 15, 2023, the aforementioned PEPE trader acquired 4.9 trillion tokens for around $3000. These tokens now hold a market value close to $46 million. Out of these, the trader cashed out 1.41 trillion Pepe, netting $7.4 million, while still possessing 3.5 trillion tokens equating to about $38.9 million.

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However, this individual isn’t the sole crypto wallet profiting from PEPE. LookOnChain notes another adroit Pepe investor has been purchasing tokens routinely from Dec. 1, 2023, to Feb. 12, 2024. Having spent near $1.49 million for 1.4 trillion tokens, recently, this investor sold 140 billion tokens for a return of $1.57 million. The investor’s wallet presently has 1.226 trillion PEPE with an estimated worth of around $14 million.

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Is Pepe Emerging as the Cryptocurrency of Choice?

Pepe’s launch in April 2023 took the digital currency world by storm, witnessing an exponential rally shortly thereafter. Meme coins such as Pepe have shown impressive performance, outshining even some established cryptocurrency contenders. Notably, meme tokens like Bonk (BONK) and dogwifhat (WIF) also play a significant role in the current crypto zeitgeist, as they captivate investors with their meteoric rises while most altcoins face stagnation.

Also Read: Top 3 Cryptocurrencies Poised for a Rally This Week

Pepe is making headlines again today, achieving a new all-time high at a value of $0.00001151. Continually setting record highs, Pepe is now the top performer among the 100 leading digital currencies by market capitalization over the past week. Nonetheless, investors are advised to exercise caution as the currency could undergo a correction, especially since it currently lacks widespread utility and adoption.