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A savvy cryptocurrency trader would have turned 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 with the popular frog-themed cryptocurrency PEPE
PEPE
€0.000006532
, according to the blockchain intelligence platform Lookonchain.
"This OG spent only USD 2,184 to buy 1.5B PEPE (USD 43M at peak) in the early stage. 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 achieved a return on investment of over 4,700 times with the popular frog-themed cryptocurrency PEPE
PEPE
€0.000006532
, according to the blockchain intelligence platform Lookonchain.
"This OG spent only USD 2,184 to buy 1.5B PEPE (USD 43M at peak) in the early stage. 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.
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PEPE
0.00000881
-0.33%