A lucky crypto trader has made a mind-blowing profit on Pepecoin (PEPE), a meme coin similar to Dogecoin and Shiba Inu. According to blockchain tracker Lookonchain, this investor turned a measly $70.40 into a whopping $7.06 million in just 20 months.
A $70 Investment, A Multi-Million Dollar Payday
This early adopter bought a massive amount of PEPE for a tiny sum of $70.40 (0.035 ETH) early on. They recently sold most of their holdings, pocketing a profit of over 100,000 times their initial investment.
Other Big Pepe Winners
This wasn’t the only instance of huge Pepe profits. Lookonchain also highlighted:
- Another trader: Turned a $241,500 investment into $7.53 million after holding for over a year.
- A third trader: Made a $1.31 million profit after holding onto their PEPE for six months, even after the price dipped.
Whales Still Buying
Despite some large sell-offs, Lookonchain noted that wealthy investors (“whales”) are still buying PEPE. One whale recently withdrew a massive amount of PEPE from Binance, indicating continued interest in the coin.
The Bottom Line
Pepecoin’s price is currently down slightly, but these stories highlight the potential (and risk) of investing in meme coins. Remember, these are high-risk investments, and past performance is not indicative of future results. Always do your own research before investing.
