According to reports, blockchain analysis company Lookonchain claims that a cryptocurrency trader turned a $27 investment in the Pepe memecoin into an extraordinary profit of $52 million.

Cryptocurrency intelligence firm Lookonchain revealed in a post on X on December 14 that an unnamed Pepe (PEPE) trader achieved life-changing profits.

"A $PEPE whale that had been dormant for 600 days transferred a total of 2.1 trillion $PEPE ($52 million) to a new address... from $27 to $52 million--an extraordinary 1.9 million times return!"

So far this year, Pepe has risen over 1600%, ranking second among the top 100 cryptocurrencies, followed by the Solana-based Dogwifhat (WIF) meme token, which has risen 1400%, ranking third.

According to Max Schwartzman, CEO of Because Bitcoin, Pepe could be the Dogecoin (DOGE) of this bull market, making it the "king of this bull market."