Solana

Memecoin

DeFi

Shiba Inu

<div class="finbold">
 <p class="paragraph">Meme coins have been in a bull rally recently, dominating the top five performers of the week. In particular, PEPE is leading the way up with over 385% gains in the past seven days.</p>
 <p class="paragraph">Benefited from this surge, an <a rel="noopener noreferrer nofollow" title="early" href="https://thebittimes.com/tag/early.html">early</a> <a rel="noopener noreferrer nofollow" title="investor" href="https://thebittimes.com/tag/investor.html">investor</a> in the meme coin has turned $3,000 into over $35 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a>, according to <em>Lookonchain</em>’s report.</p>
 <p class="paragraph">Notably, the monitored account ‘0x25C…66E2a’ bought 4.9 trillion PEPE with $3,000 in the early days. This amount is currently worth more than $35.5 million at $0.000007 per token.</p>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picked for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    5 meme coins to buy this week <span class="self-center text-xs text-slate-500">1 hour ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    SHIB price explosion sees 170% rally in a week; What’s happening? <span class="self-center text-xs text-slate-500">1 hour ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Crypto comeback to boost luxury watch sales; Here’s how <span class="self-center text-xs text-slate-500">3 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Machine learning algorithm predicts Bitcoin price on March 31, 2024 <span class="self-center text-xs text-slate-500">3 hours ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <p class="paragraph">However, the <a rel="noopener noreferrer nofollow" title="early" href="https://thebittimes.com/tag/early.html">early</a> <a rel="noopener noreferrer nofollow" title="investor" href="https://thebittimes.com/tag/investor.html">investor</a> has realized part of his profits in the past few days. So far, the account has sold 760 billion PEPE for $2 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a>. The address still holds 4.15 trillion tokens worth $30.8 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> and is among the top 13 richest PEPE whales.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="452" src="https://cdn.thebittimes.com/images/2024/03/04/fb860426e3d7d881cc7d6a67acfab831.webp" alt class="wp-image-158586" srcset="https://cdn.thebittimes.com/images/2024/03/04/fb860426e3d7d881cc7d6a67acfab831.webp 1024w, https://cdn.thebittimes.com/images/2024/03/04/fb860426e3d7d881cc7d6a67acfab831.webp 300w, https://cdn.thebittimes.com/images/2024/03/04/fb860426e3d7d881cc7d6a67acfab831.webp 768w, https://cdn.thebittimes.com/images/2024/03/04/fb860426e3d7d881cc7d6a67acfab831.webp 1536w, https://cdn.thebittimes.com/images/2024/03/04/fb860426e3d7d881cc7d6a67acfab831.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   ‘0x25C…66E2a’ transaction history with PEPE. Source: <em>Etherscan (Lookonchain)</em>
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-memecoin-euphoria-dominates-the-crypto-market">Memecoin euphoria dominates the crypto market</h2>
 <p class="paragraph">The meme coin euphoria is back in the cryptocurrency market, and investors must be cautious.</p>
 <p class="paragraph">Interestingly, the best five weekly performances among the top 100 cryptocurrencies are held by meme coins. PEPE leads with 385% gains in the last seven days and $3.3 billion exchanged in the past 24 hours.</p>
 <p class="paragraph">Dogwifhat (WIF), FLOKI, Shiba Inu (SHIB), and BONK compose the rest of the top five. In this context, Ethereum (ETH) is still the most profitable DeFi blockchain to speculate on memecoins. In the meantime, Solana (SOL) managed to conquer a significant market share, with WIF and BONK as its representatives.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="381" src="https://cdn.thebittimes.com/images/2024/03/04/491c41dae0532c9819e1be4e968cb0da.webp" alt class="wp-image-158589" srcset="https://cdn.thebittimes.com/images/2024/03/04/491c41dae0532c9819e1be4e968cb0da.webp 1024w, https://cdn.thebittimes.com/images/2024/03/04/491c41dae0532c9819e1be4e968cb0da.webp 300w, https://cdn.thebittimes.com/images/2024/03/04/491c41dae0532c9819e1be4e968cb0da.webp 768w, https://cdn.thebittimes.com/images/2024/03/04/491c41dae0532c9819e1be4e968cb0da.webp 1280w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Top gainers of the week among the top 100 cryptocurrencies. Source: <em>CoinMarketCap</em>
  </figcaption>
 </figure>
 <p class="paragraph">Nevertheless, meme coins are made of a purely speculative demand, which can vanish as fast as it arrives. Trading these cryptocurrencies is risky, and the volatility can be tremendous – both to the downside and upside.</p>
 <p class="paragraph">When the euphoria and greed disappear, meme coins have no recovery perspectives due to the lack of fundamentals and organic demand. Investors must understand the nature of tokens made to have fun and never deploy more money than they can lose.</p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/this-early-pepe-investor-turns-3-000-to-35-million-tbt81548.html">https://thebittimes.com/this-early-pepe-investor-turns-3-000-to-35-million-tbt81548.html</a></p>

This early PEPE investor turns $3,000 to $35 million

Table of Contents

TheBitTimes

Other articles published on Mar 4, 2024

Bitcoin at $63K, Investors Eye the All-Time High at $69K

Hong Kong Regulator Blocks Fake Crypto Exchange Websites

Dogwifhat (WIF) and BONK Prices Explode – Here’s Why Solana Meme Coins Are Up

Apple Hit with $2 Billion Fine, Shares Tumble in Market Response

Nigeria Slams Binance With $10B Fine, Accuses It Of 'Fixing The Exchange Rate'

Exclusive: Is Dogecoin Going Legit? Landmark Sale Could Change The Way We Buy Homes

Join our free newsletter for daily crypto updates!