Ethereum

April

NEXT GEN PEPE

Status

Coin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/early-investor-profits-from-pepe-coin" data-wpel-link="internal" rel="noopener noreferrer nofollow">Early Investor Profits from PEPE Coin</a><br></p>
<p style="text-align: justify">An early investor in one of the top 30 meme coins by market value has made headlines by transforming a few hundred dollars into millions within just over a year. This remarkable feat underscores the potential for significant returns in the volatile world of cryptocurrency.</p>
<h2 id="what-are-the-pepe-coin-highlights">What are the PEPE Coin Highlights?</h2>
<p style="text-align: justify">According to <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">data</a> from Lookonchain, an investor known for tracking major blockchain changes, an individual acquired a large amount of Pepe (PEPE) coin soon after it hit the market. The investor sold 42 billion PEPE tokens on July 7, 2023, followed by 100 billion on May 4 and finally the remaining tokens on May 22, achieving an eye-watering profit of 735,831%.</p>
<p style="text-align: justify">An early PEPE buyer deposited a total of 182.9 billion PEPE (valued at $2.53 million) to <a href="https://en.bitcoinhaber.net/binance-faces-uncertainty-in-obtaining-crypto-license-in-hong-kong" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a> within a short span. This person initially spent 0.22 Ethereum ($462) on April 15, 2023, to purchase 324.9 billion PEPE and sold them for $3.4 million, realizing a staggering 7,368x return on investment.</p>
<h2 id="how-did-another-trader-perform">How Did Another Trader Perform?</h2>
<p style="text-align: justify">Lookonchain also reported on another trader who purchased trillions of PEPE between April 14 and April 23, 2023, and is currently holding them, achieving an astounding profit of over 95,000,000%. This trader turned a mere $83 into $79.4 million by buying and holding PEPE, achieving a 958,580x gain.</p>
<p style="text-align: justify">Additionally, three wallets, likely owned by the same person, spent 0.041 Ethereum ($83) to buy 6.44 trillion PEPE (valued at $79.4 million) without selling any, demonstrating extreme confidence in the coin’s potential.</p>
<h2 id="what-about-institutional-investments">What About Institutional Investments?</h2>
<p style="text-align: justify">Lookonchain also revealed that BlockTower Capital, a notable cryptocurrency investment firm, managed to earn over 20% profit after selling some PEPE on the institutional trading platform Cumberland. The firm transferred 202 billion PEPE (worth $2.8 million) for sale after PEPE prices surged past $0.000014, earning $578,000 in just six days for a 26% return.</p>
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2>
<p style="text-align: justify">– Early entry into promising cryptocurrencies can yield extraordinary returns.<br> – Holding investments, even in volatile markets, can potentially lead to significant gains.<br> – Institutional <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a> are also capitalizing on meme coins, indicating their growing acceptance.<br> – Monitoring blockchain data can provide insights into profitable investment opportunities.</p>
<h2 id="current-pepe-coin-status">Current PEPE Coin Status</h2>
<p style="text-align: justify">PEPE Coin has garnered market-wide attention following multiple all-time highs. At present, PEPE is trading at $0.0000136, up over 1%. During this period, PEPE’s market cap surpassed $5 billion, although its 24-hour trading volume remains just above $3 billion after an 18% drop, reflecting a decline in market interest.</p>
<p style="text-align: justify"><img fetchpriority="high" decoding="async" src="https://coin-turk.com/wp-content/uploads/2024/05/pepe-coin-turk-com.png" alt="" width="2433" height="1145"></p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/early-investor-profits-from-pepe-coin" data-wpel-link="internal" rel="noopener noreferrer nofollow">Early Investor Profits from PEPE Coin</a></h5>

Early Investor Profits from PEPE Coin

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