Pepe Coin

Pepe

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<div class="watcher-guru"><p>An early PEPE investor who made a profit of $1.67 million is still purchasing the memecoin despite rug-pulling allegations against insiders. The investor bought 1.04 trillion tokens for almost $950k in the late hours of Tuesday. The purchase has raised a few eyebrows within the community, given the recent allegations against the project.</p><figure class="wp-block-image size-full"><img width="937" height="322" src="https://cdn.thebittimes.com/images/2023/08/30/7788cd8fdc72b03b19fb521106046ed7.webp" alt="" class="wp-image-109514"><figcaption class="wp-element-caption"> Source: FXStreet </figcaption></figure><p>The investor previously purchased 2.43 trillion PEPE tokens, worth a mere $60, during its launch phase. The investor made a whopping profit of $1.67 million when the token’s price shot up after its launch.</p><p><strong>Also Read: Assessing 3 Pepe Coin Factors That May Revive Price Action</strong></p><div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"><div class="publift-ad add"><div></div></div></div><p>PEPE’s price has spiked 6% in the last 24 hours. It is possible that the investor expected a rally after the Grayscale victory against the U.S. Securities and Exchange Commission was announced. Grayscale’s victory has sparked another rally in the crypto markets, with Bitcoin rallying over 5% in the daily charts.</p><div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"><div id="primisContainer" class="add"></div></div><h3 class="wp-block-heading" id="h-will-pepe-continue-to-rally">Will Pepe continue to rally?</h3><figure class="wp-block-image size-large"><img width="1024" height="576" src="https://cdn.thebittimes.com/images/2023/08/30/ab6f9fbf3b836160d76d68003ccdf047.webp" alt="Pepe" class="wp-image-108690"><figcaption class="wp-element-caption"> Source: Outlook India </figcaption></figure><p>Although the frog-themed crypto is following the larger market, its rally might be on shaky legs. The project’s official X (formerly known as Twitter) account made an announcement a few days ago addressing allegations of a rug pull. According to the team, bad actors within the team were responsible for the sale of $15 million worth of tokens. Three former members <strong>“logged onto the multi-sig and stole 16 Trillion/60%” of the holdings. </strong></p><p><strong>Also Read: PEPE Coin Falls 24% As Rug Pull Rumors Looms</strong></p><p>Moreover, according to IntoTheBlock, large transactions for the project have fallen by 3.49%. Additionally, holders in profits have also decreased by 2.88%, despite the recent price spike. 77% of holders are currently at a loss, while only 21% are in profit, with 2% at even.</p><div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"><div class="publift-ad add"><div></div></div></div></div><div class="cs-entry__tags"><ul><li>pepe</li></ul></div><p>Source: <a href="https://thebittimes.com/pepe-coin-investor-who-made-1-67-million-in-profit-buys-again-tbt60923.html" rel="noopener noreferrer nofollow">https://thebittimes.com/pepe-coin-investor-who-made-1-67-million-in-profit-buys-again-tbt60923.html</a></p>

Pepe Coin Investor Who Made $1.67 Million in Profit, Buys Again

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