Criptonoticia11
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Bullish
A trader turned USD 2,000 into PEPE worth USD 43 million and sold to take out USD 10 million in profit
The position of the shrewd trader reached a peak of 43 million dollars during PEPE's peak valuation, while memecoins continue to create new millionaires.
A clever cryptocurrency trader reportedly converted just over USD 2,000 into more than USD 43 million when the memecoin Pepe reached its peak valuation, despite the extreme volatility of the token and the lack of underlying technical value.
The trader achieved a return on investment of over 4,700 times according to the blockchain intelligence platform. This OG spent only USD 2,184 to buy 1.5B PEPE (USD 43M at the peak) in the early stage. He sold 1.02B PEPE for USD 6.66M, leaving 493MM PEPE (USD 3.64M), with a total profit of USD 10.3M (4,718x), Lookonchain wrote in a post on X on March 29.
The trader made over USD 10 million in profit despite the price of Pepe falling by more than 74% from its all-time high of USD 0.00002825, which was reached on December 9, 2024, according to data from Cointelegraph Markets Pro.
The position of the shrewd trader reached a peak of 43 million dollars during PEPE's peak valuation, while memecoins continue to create new millionaires.
A clever cryptocurrency trader reportedly converted just over USD 2,000 into more than USD 43 million when the memecoin Pepe reached its peak valuation, despite the extreme volatility of the token and the lack of underlying technical value.
The trader achieved a return on investment of over 4,700 times according to the blockchain intelligence platform. This OG spent only USD 2,184 to buy 1.5B PEPE (USD 43M at the peak) in the early stage. He sold 1.02B PEPE for USD 6.66M, leaving 493MM PEPE (USD 3.64M), with a total profit of USD 10.3M (4,718x), Lookonchain wrote in a post on X on March 29.
The trader made over USD 10 million in profit despite the price of Pepe falling by more than 74% from its all-time high of USD 0.00002825, which was reached on December 9, 2024, according to data from Cointelegraph Markets Pro.
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