Bitrabo Editorial
There is a remarkable story of a crypto investor who managed to turn a modest $3,000 investment into an astonishing $46.3 million within just a year by investing in PEPE. The journey of this investor is an inspiring tale of success in the world of cryptocurrency.
From $3,000 to $46.3 Million with PEPE
A recent report by Lookonchain, a platform that tracks on-chain data, unveiled the incredible journey of this trader. The investor entered the market by purchasing $3,000 worth of PEPE tokens during the coin’s launch on April 15, 2023, acquiring a sizable 4.9 trillion tokens.
PEPE witnessed a phenomenal surge that propelled its market cap from under $1 million to over $1 billion with listings on major exchanges like Binance, causing the value of the investor’s holdings to soar above $10 million. Despite this success, the investor opted to hold onto the majority of their assets.
By May 2024, PEPE reached new record highs, breaching $0.00001 and soaring to a $4.5 billion market cap. This rally boosted the investor’s portfolio to over $40 million in value, prompting them to begin cashing out some profits. Selling 255 billion tokens for $2.3 million, the investor retains 3.5 trillion tokens currently valued at an impressive $38.9 million.
The trader realized a 15,718x return, marking a remarkable 157,718% return on investment. Their total profit from this venture now stands at an impressive $46.3 million.
Insider Trading or Smart Investment?
Speculation arose regarding whether the trader had insider knowledge due to their early entry into PEPE. Some questioned if the investor had affiliations with the meme coin’s team, while others commended their determination in holding onto their tokens through thick and thin.
One social media user highlighted the investor’s strong hands in weathering the market’s fluctuations, emphasizing the importance of patience in achieving significant gains in the crypto space.
Everyone claims ‘insider’ immediately.
Bitches, he spent 3k, and held like a diamond handed king. This is how you become an ‘insider’
You want these kind of gains? You want the ‘inside tip’
— Naka (@Nakameowdough) May 15, 2024
The investor’s decision to retain a significant portion of their holdings suggests a bet on further price appreciation as the crypto market continues its upward trajectory. With expectations of a prolonged bull market, the investor anticipates even higher returns as PEPE’s value surges to new heights.