Pepe Coin

Pepe

NEXT GEN PEPE

<p>The post <a href="https://coinpedia.org/news/pepe-coin-price-surge-smart-investor-made-millions-in-profit-with-943-roi/">Pepe Coin Price Surge! Smart Investor Made Millions In Profit with 943% ROI</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Pepe Coin, a rising star in the meme crypto market, has defied all expectations with a significant surge in value, showcasing a 12% surge with a PEPE coin trading at $0.00001136. Simultaneously, in the background of PEPE’s recent price rally, a whale known as Smart Money was noted to have been making profits of $14M with the ROI as high as 943%.</p> 
<h2 class="wp-block-heading" id="h-million-profit-taking-strategy">$Million Profit-Taking Strategy</h2> 
<p>Lookonchain, a prominent blockchain analytics platform, has revealed intriguing insights into the success story of a strategic investor known as Smart Money” who capitalized on Pepe Coin’s remarkable rise.</p> 
<p>Earlier <a href="https://coinpedia.org/news/legendary-trader-invests-1-26m-in-pepe-earns-917k-profit/" target="_blank" rel="noreferrer noopener">reports from Coinpedia detailed</a> that Smart Money, spent $1.56 million USDT to acquire 1.40 trillion PEPE between December 2023 and February 2024.</p> 
<p>Taking advantage of their investment made three months ago, Smart Money recently sold 140 billion coins (10% holdings), during a surge in Pepe coin’s price, resulting in a substantial $1.57 million profit. However, this transaction effectively recovered their initial invested amount.</p> 
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   <p lang="en" dir="ltr">A <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a> smart money started selling part of <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a> at a profit.<br><br>He bought <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a> almost every day from Dec 1, 2023 to Feb 12, 2024, spending a total of $1.49M to buy 1.4T <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a>.<br><br>14 hours ago, he sold 140B <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a>(10% of total position) for $1.57M.<br><br>He currently holds 1.26T <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a>… <a href="https://t.co/ThWLwZUQgf">pic.twitter.com/ThWLwZUQgf</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1790586640869830666?ref_src=twsrc%5Etfw">May 15, 2024</a>
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<p>Meanwhile, this strategic move resulted in an impressive return on investment (ROI) of 943%, highlighting the success of SMART MONEY’s Pepe Coin investment. Despite selling a portion of their coins, <a href="https://etherscan.io/token/0x6982508145454ce325ddbe47a25d4ec3d2311933?a=0xe7d05a4f406aeaa8ae95d02624e01328bc328c55" target="_blank" rel="noreferrer noopener nofollow">SMART MONEY still holds</a> a significant stake of 1.26 trillion Pepe Coins, valued at around $14 million.</p> 
<h2 class="wp-block-heading" id="h-pepe-technical-analysis">PEPE Technical Analysis</h2> 
<p>Looking at the <a href="https://www.coinglass.com/currencies/PEPE" target="_blank" rel="noreferrer noopener nofollow">market data from Coinglass</a>, we also see strong activity in Pepe Coin’s open interest (OI) and derivatives trading. The OI rose by almost 12% to $120.11 million, while derivatives volume shot up by 24.06% to $2.52 billion. These numbers indicate growing interest and activity in Pepe Coin.</p> 
<p>However, it’s important to note that the Relative Strength Index (RSI) has reached 75, signaling that Pepe Coin is entering overbought territory. This suggests a potential for a pullback or price reversal if buying slows down.</p> 
<p>As of now, <a href="https://markets.coinpedia.org/pepe/" target="_blank" rel="noreferrer noopener">Pepe Coin’s</a> price has risen by nearly 12% in the last 24 hours, now trading at $0.0000113. This price increase was supported by a big jump in trading volume, which surged by 91.82% to $3.81 billion.</p> 
<p>Also Check Out: <a href="https://coinpedia.org/news/10-memecoins-ready-to-explode-after-gamestops-roaring-kitty-revival/">GameStop Frenzy 2.0?! Top 10 Memecoins Set to Explode Soon</a></p>

Pepe Coin Price Surge! Smart Investor Made Millions In Profit with 943% ROI

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