As an analyst with a background in cryptocurrency and blockchain analysis, I find the recent developments surrounding PEPE Coin both intriguing and concerning. The substantial profits being made by traders and whales in this meme coin are undeniable, with some turning modest investments into millions.
The recent surge in GameStop Corp (NYSE: GME) stock prices on Wall Street has significantly lifted the meme coin market, causing an Ethereum-based meme coin to record over 40% gains in the past three trading days. PEPE Coin is currently priced at $0.00001064 and boasts a market capitalization exceeding $4.5 billion as of this writing. PEPE Coin investors have been reaping substantial profits, with one investor converting an initial $3,000 investment into a remarkable $46 million.
According to Lookonchain’s data, a trader bought 4.9 trillion PEPE tokens worth $3,000 on April 15, 2023. Intriguingly, PEPE has yielded a return of 575% over the past year.
A trader sold off 1.41 trillion PEPE tokens, worth around $7.4 million, and an additional 255 billion PEPE tokens for about $2.3 million. Following these deals, the trader still holds a substantial amount of 3.5 trillion PEPE tokens, currently estimated to be worth around $38.9 million. Consequently, their total earnings from this transaction are approximately $46 million.
Earned more than $46M on $PEPE with only $3K, a gain of 15,718x!😱
This super big winner sold 255B $PEPE($2.3M) for profits again after the price of $PEPE increased.
On April 15, 2023, an individual spent just $3,000 to acquire approximately 4.9 trillion dollars’ worth of $PEPE, which was equivalent to around $56 million at the current market price. Subsequently, they sold around 1.41 trillion dollars’ worth of $PEPE, earning a profit of roughly $7.4 million. Additionally, they held onto approximately 3.5 trillion dollars’ worth of $PEPE.
— Lookonchain (@lookonchain) May 15, 2024
The purchase of PEPE tokens by a notable trader right before its launch raised eyebrows in the cryptocurrency world. Moreover, on that very day, blockchain records showed that this trader swapped 20,000 LIT tokens, worth around $2,256, to acquire an enormous amount of PEPE tokens – 3.4 trillion.
As a researcher studying the cryptocurrency market, I’ve noticed an intriguing shift in the investment landscape. With LIT having a low profile and a market capitalization of merely $3.6 million, my decision to exchange LIT for PEPE at that point raises questions about potentially privileged information.
Starting from the 15th of April, 2023, the LIT token was valued at an impressive $0.111814. In stark contrast, its present worth stands at a mere $0.001539. This substantial difference in price has added fuel to speculation about the trader’s possible insider information. Regardless, this transaction proved to be opportune and highly profitable.
Irrespective of the true circumstances surrounding the PEPE Coin insider trading allegations, the meme token reached a fresh peak price of $0.00001151 today.
PEPE Smart Whale Mints $44 Million
As an analyst, I’ve noticed some intriguing activity regarding PEPE Coin on Lookonchain. A savvy investor, referred to as a whale, has managed to garner a remarkable 772% return on their initial investment within the span of six months. This whale started with a $5 million investment and has since grown it into an impressive $44 million fortune. The majority of these PEPE coins were acquired by the whale during the timeframe between November 2023 and February 2024.
This smart whale turned $5M into $44M in 6 months, with an ROI of 772%!
He sold 15B $PEPE($171K) for profit 5 hours ago!
From November 2, 2023, through February 1, 2024, he amassed a total of 3.97 trillion PEPE tokens by investing 2,434 Ethereum, which amounts to approximately five million dollars.
Then sold 105B $PEPE for 279 $ETH($1M), with…
— Lookonchain (@lookonchain) May 15, 2024
As a crypto investor, I’ve recently made a profitable sale of $1 million worth of PEPE tokens from my holdings. Yet, this transaction hasn’t diminished the significant weight of my PEPE token stash, which currently stands at an impressive 3.86 trillion tokens. With the current market prices, these tokens translate to a valuable balance of approximately $43 million.
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2024-05-15 17:55