Although there have been many similar stories of PEPE-made crypto Investors getting massive returns of a few hundred to millions of dollars, one PEPE Crypto investor has gone the extra mile. This extraordinary trader turned $3,000 into $46.3 million in a year. Here is how they used that process successfully.
$3,000 In PEPE Turns Into $46.3 Million
Lookonchain, a tool that follows the underlying data, shared this crypto trader’s strategy of turning $3,000 into tens of millions in a tweet on X (formerly Twitter). According to reports, the trader invested $3,000 in the PEPE token on April 15, 2023, the date the coin was launched, as the tracker shows. The trader in question was likewise granted 4.9 trillion tokens.
During the same year, renowned cryptocurrency exchanges such as Binance put PEPE on their list, which began a marathon that would bring it from a market cap of less than $1 million to more than $1 billion. The investor got richer and richer as his account grew beyond $10 million. However, the PEPE Made Crypto Investor trader still has most of his Money and has only sold a little.
PEPE broke many previous records in May 2024. This week, the meme coin price galloped ahead, hitting $0.00001, and its market capitalization became gigantic, reaching more than $4.5 billion. Thus, the changes resulted in a net positive for the trader, as his fortune increased by a whopping $40 million over time.
The crypto trader started looking for ways to take advantage of the high price after it had hit a new record high. According to Lookonchain in their post, as the initial sale of 255 billion tokens occurred, the investor managed to make $2.3 million. The trader has sold 1.4 trillion tokens for $38.9 million, leaving him with 3.5 trillion.
This is the case of the investor who got a 157,718% return on investment (ROI), which is presented as 15,718x. Such was the outcome of their venture, which resulted in them securing $46.3 million, of which $35 million was in their trade and redraw account.
Is This Crypto Investor An Insider
Many people have wondered if this investor is indeed an “insider”, as they came in on the PEPE project right from the start, which is why the coin was created. Hence, some doubt whether this individual participated in the meme coin.
Some investors have persisted in holding onto their tokens no matter what. Which has been cited as a positive economic trait by others Twitter) the user pointed out that their positive returns were ascribable to their decision to hold on to their investments instead of their assets too early.
Investors seeking to benefit from the forthcoming increases seem to keep most of their coins to themselves. On the one hand, a bull market is expected to continue through the year. Therefore, this skilful investor can gain more if the PEPE continues to break new records and rise to new peaks.
PEPE Trader’s Remarkable Profit Stirs Market Speculations
A crypto dealer purchased 4.9 trillion PEPE tokens for $3,000 on April 15, 2023. The token’s value increased, so it sold 1.41 trillion, earning an excellent profit of $7.4 million. Now, they hold 3.5 trillion PEPE worth $38.9 million.
They bought 3.4 trillion PEPE and 20,000 Timeless (LIT) tokens for just $2,256 on the same date. Trading LIT for PEPE suggests they might have inside info because LIT costs little. LIT was worth $0.1118 back then but is $0.0015 now.
Despite this trader not constantly making risky deals, their vast profit from PEPE raises suspicion. Currently, PEPE’s price is $0.00001151. It’s among the top meme coins valued at 4.68 billion dollars, behind only Dogecoin and Shiba Inu.
K. Gill, also known as The Roaring Kitty, came back. Meme assets are back, and, consequently, the PEPE coin is winning. Gill, famous during the GameStop stock craze, now sees new coins pop up,and stock trading goes wild again. PEPE Made Crypto Investor says GameStop’s price went up 3,814% in a week. The Roaring Kitty coin has also risen with Gill’s return.
An Investor’s Success Story Emerges
According to Lookonchain, the investor spent about $3,000 on April 15, 2023, to acquire 4.9 trillion PEPE coins. Since then, the price of PEPE has shot up like a rocket. The investor could withdraw some of their funds for a handsome sum. For more information on business and finance, please visit COINTURK finance.
The investor sold 1.41 trillion PEPE for $7.4 million, and they sold 255 billion PEPE for about $2.3 million. Despite the recent sales, the investor still possesses 3.5 trillion PEPE. Which is approximately valued at $38.9 million in the market. According to The Lookonchain statistics, the investor gained $46.3 million.
However, the community was sceptical about the purchase. Because the day of purchase was just a couple of days after PEPE’s launch. The on-chain record shows the investor got 3.4 trillion PEPE for 20,000 Timeless (LIT) tokens on the same day. The tokens were estimated to have been worth about $2,256 when distributed.
Given LIT’s low market cap of just $3.6 million, it can be assumed that the trade for PEPE happened just when the information was leaked out. This is in stark contrast to its present value of $0.001539 when the LIT cryptocurrency was trading at $0.111814 on April 15, 2023. That was a smart trade, and even more so, it was a very lucrative deal for the investor, with the possibility of their insider information.
FAQs
What was the strategy behind the investor's success with PEPE?
The investor held onto most of their PEPE tokens while selling parts of their holdings as the price surged, resulting in a return of 157,718% on their initial investment.
Is the PEPE investor suspected of insider trading?
Some speculators believe the investor may have had insider information, as they acquired a large amount of PEPE right after its launch and traded it with other low-value tokens.
How did the PEPE coin's value increase so dramatically?
PEPE's price increased rapidly due to growing popularity and listings on major exchanges like Binance, pushing its market capitalization to over $4.5 billion.
What role did the Timeless (LIT) token play in the PEPE investment?
The investor traded 20,000 LIT tokens for 3.4 trillion PEPE, taking advantage of LIT's low market cap. LIT is now worth significantly less than when the trade occurred.
