Pepe (PEPE) Trader Converts $3k Investment into $73m Profit Despite Market Depression

A crypto trader has managed to safeguard substantial returns with Pepe regardless of the continuing depression attacking the wider market. By setting its foot in the Pepe market early

A crypto trader has managed to reap huge gains from Pepe despite the ongoing bear market.

The investor started his journey by converting $3,000 to 3 trillion PEPE at an early stage.

As PEPE encountered resistance and reached a new all-time high of $0.000004487 in May of last year, the investor began selling off portions of his holdings at a profit.

This period of selling spanned from May 5 to May 18 of last year.

After a brief pause, the investor recommenced his sales in February 2024, as PEPE embarked on another upward trend.

This series of sales continued until recently, culminating in a recent sale of 100 billion Pepe for $2.8 million on December 10.

To collect the full scope of the trader’s sales, here’s a breakdown of all his recent sales:

* May 5, 2023: 500 billion PEPE sold for $1.345 million.

* May 12, 2023: 400 billion PEPE sold for $1.488 million.

* May 18, 2023: 300 billion PEPE sold for $1.278 million.

* February 28, 2024: 200 billion PEPE sold for $3.543 million.

* December 10, 2024: 100 billion PEPE sold for $2.8 million.

This brings the total gains to a staggering $73 million, presenting a 24,656 times return on investment.

It’s worth noting that the recent sale occurred before the latest PEPE decline, as the memecoin dropped to $0.000025.

At the time of press, PEPE is currently trading at $0.00002521, showing a 1.56% increase over the last 24 hours.

Despite the recent price drop, the blockchain analytics platform highlighted some whale activity that has been beneficial to the resilience of PEPE in the face of market volatility.

A single whale, likely managing nine wallets, engaged in transferring around $13.8 million in DAI to buy 555 billion PEPE tokens in a timeframe of two hours.

The average purchasing value for these transactions was approximately $0.000025.

This latest development follows a series of profit-trading trades involving meme coins. In one case, a trader transformed a $727 investment into $2.42 million in just four days by trading Goatseus Maximus.

At the same time, not all trades resulted in success.

In October, another trader encountered losses after an oddly timed investment in GOAT, stifling what could have been a $6 million profit.