PEPE Trader Turns $1.7 Million into $8.13 Million in Just 2 Weeks
PEPE Trader Turns $1.7 Million into $8.13 Million in Just 2 Weeks
On-chain info from Lookonchain reveals that one meme coin vendor changed into $1.7 million in PEPE, a popular meme coin, into $8.13 million revenue, posting a unheard of 431% win, in two weeks.
PEPE Skyrocketing
PEPE is a meme coin with out utility. After rising to all-time highs in early Also can 2023 when it changed into once listed on Binance, token prices began plunging in the 2nd half of of final 365 days.
Nonetheless, with rising Bitcoin and Ethereum prices and the success of various meme money, in particular on Solana, PEPE is abet heading in the true route, rallying in Q1 2024. It is now above Also can 2023 highs and trending in recent all-time highs.
CoinMarketCap info on March 11 reveals that the token instructions a market cap of over $3.8 billion. Besides Dogecoin, the usual meme coin, PEPE is the finest various token in the same category in the tip 50.
In actual 2 weeks, this vendor made $8.13M(+431%) on $PEPE!
This vendor deposited 196.18B $PEPE($1.7M) to #Binance for profits 4 hours ago, with 1T $PEPE($8.31M) left.
He withdrew 1.19T $PEPE(charge ~$1.88M) from #Binance sooner than the pricetag of $PEPE increased.… pic.twitter.com/FWZgIWcCYP
— Lookonchain (@lookonchain) March 10, 2024
Trader Turns $1.7 Million To $8.31 Million In 2 Weeks
The frog meme coin is up 3% on the final trading day. Nonetheless, it has added over 800% from dull February 2024.
To capitalize on trending meme coin markets, one vendor deposited 196.18 billion of PEPE rate $1.7 million at the time to Binance, the sphere’s finest crypto alternate.
As trackers picture, the vendor withdrew 1.19 trillion PEPE rate $1.88 million from the alternate sooner than prices began soaring.
By conserving on to the broad chunk of the meme coin when prices began soaring from the third week of February 2024, the vendor rode the pattern and benefited vastly.
On March 11, the vendor moved 196.18 billion PEPE to Binance. The handle aloof controls 1 trillion of the meme coin rate $8.31 million.
It is unclear whether or not the whale handle will proceed unloading PEPE and taking profits. Overall, analysts are bullish on crypto and meme money.
With Bitcoin cracking previous $72,000 and Ethereum trading above $4,000 when writing, there would possibly maybe be commonly spillover to meme money, additional lifting popular sources bask in PEPE to recent valuations.
The entire meme coin market cap is now above $61 billion, with Dogecoin, Shiba Inu, PEPE, and Floki Inu sealing the tip four.
Source : cryptonews.com
