A Savvy Pepe Trader Turn $3K Investment Into $51Million
The post A Savvy Pepe Trader Turn $3K Investment Into $51Million appeared first on Coinpedia Fintech News
In the world of cryptocurrency, fortunes can be made overnight and one lucky investor is living proof. A mysterious PEPE investor has just made headlines after turning a tiny $3K investment into an astonishing $51.25 million reflecting a profit of 17,026x.
Turning $3K into Millions
The story of this whale is nothing short of extraordinary. Back in April 2023, this Pepe whale with an address of “0xc25” took a chance and bought 4.914 trillion PEPE tokens for just $3,010. However, at the time, the Pepe coin was trading at around $0.00000092.
As PEPE’s popularity surged, the investor began cashing out strategically. Over time, the whale offloaded 3.66 trillion PEPE tokens, securing a massive $35.52 million in profits.
Despite selling off a large portion, the whale still holds a considerable 1.25 trillion PEPE tokens, currently valued at around $15.73 million. This brings the total estimated profit to an incredible $51.25 million with a 17,026x return on the initial investment.
Whale Again Deposited 500 B PEPE To Coinbase
According to Spotonchain, this mysterious whale again deposited 500 billion PEPE tokens, valued at around $5.73 million, to Coinbase after being silent for the past 6 months.
Perhaps, this sudden movement has sparked speculation about the whale’s next potential moves in the market. Is this a sign of a larger sell-off, or could it be a calculated strategy to re-enter the market at a lower price?
What’s Next for PEPE?
With the whale still holding over a trillion PEPE tokens, the community is on high alert for any further transactions. As of now, Pepe Coin is trading upwards and reflecting a rise of 4% over the last 24 hours.
However, a closer look at the PEPE chart reveals a bullish trend, with the daily RSI moving away from the oversold zone.
