Pepe

Pepe Coin

Pepe (SOLANA)

Against the backdrop of a <a href="https://coingape.com/glossary/bull-market/" target="_blank" rel="noopener noreferrer nofollow">bull run</a> undertaken by Pepe coin, a renowned frog-themed meme cryptocurrency, a smart trader has been recorded making huge profits. This phenomenon has gained significant traction across the global crypto community, underscoring meme-based investments’ potential to offer investors gains.
Notably, Pepe coin’s price rallied exceptionally over the past few days, with the token hitting new ATHs multiple times. Here’s a closer look into the smart trader’s investment portfolio and PEPE’s price movements.
<h2 id="smart-trader-makes-profit-off-pepe-ondo-beam">Smart Trader Makes Profit Off PEPE, ONDO, &amp; BEAM</h2>
According to the insights revealed by the on-chain tracking platform <a rel="noopener noreferrer nofollow" href="https://lookonchain.com/" target="_blank">Lookonchain</a>, a smart trader has increased his investment portfolio from $23M to $65M, earning $42M in just a year. Intriguingly, he traded PEPE, ONDO, &amp; BEAM cryptos to make these profits.
The trader spent 2,434 ETH to buy 3.97 trillion PEPE. Thereafter, sold 125 billion PEPE for 350 ETH, worth $1.27 million. Still holding 3.84 trillion PEPE, worth $56.43 million, the smart trader has an ROI of 1203%.
Meanwhile, the trader also bought 7.55 million ONDO, worth $1.9 million, at an average price of $0.26. Then, it sold 2.56 million ONDO at an average price of $0.79, still holding 4.99 million ONDO worth $5.73 million. This trading strategy boasted an ROI of 288%.
Further, the trader bought 139.47 million BEAM, worth $4.44 million, at an average price of $0.019. Selling 139.47 million BEAM at an average price of $0.032, the trader made profits with an ROI of 72%.
Also Read: <a href="https://coingape.com/xrp-whale-dumps-56m-coins-amid-price-fluctuations-what-next/" target="_blank" rel="noopener noreferrer nofollow">XRP Whale Dumps 56M Coins Amid Price Fluctuations, What’s Next?</a>
<h2 id="pepe-ondo-beam-price-movements">PEPE, ONDO, &amp; BEAM Price Movements</h2>
Whereas, as of writing, <a href="https://coingape.com/price/pepe-coin/" target="_blank" rel="noopener noreferrer nofollow">PEPE’s price</a> has illustrated signs of a pullback, dipping 4.26% in the past 24 hours to $0.0000139.It’s worth noting that <a href="https://coingape.com/pepe-coin-hits-new-milestone-despite-massive-liquidation-here-all/" target="_blank" rel="noopener noreferrer nofollow">PEPE recently hit a new ATH</a>, defying broader market sentiments.
BEAM’s price tumbled 3.69% over the past day, resting at $0.02659. With yearly chart illustrating gains worth 442.51%, the token has garnered noteworthy interest among crypto market participants.
On the other hand, ONDO’s price surged 7.29% in the past 24 hours, reaching $1.07. The token is currently among the top gainers in the market, per Coinmarketcap’s data.
Crypto market enthusiasts continue to speculate if these cryptos have room for further gains gains.
Also Read: <a href="https://coingape.com/bitcoin-puell-multiple-is-currently-in-discount-range-btc-price-rally-to-begin-soon/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Puell Multiple Is Currently In Discount Range, BTC Price Rally to Begin Soon?</a>
The post <a href="https://coingape.com/pepe-price-rally-smart-trader-nabs-1200-profit-trading-pepe-coin/" rel="noopener noreferrer nofollow">PEPE Price Rally: Smart Trader Nabs 1200% Profit Trading Pepe Coin</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

PEPE Price Rally: Smart Trader Nabs 1200% Profit Trading Pepe Coin

Table of Contents

Coingape News Media

Other articles published on May 24, 2024

Ethereum ETF Approval Causes $350 Million in Liquidations

Unlike Bitcoin, SEC Chief Gary Gensler Didn't Vote On Spot Ethereum ETF Approvals

LBank Labs Invests in XION to Drive Mainstream Blockchain Adoption & Web3 Accessibility

Analysing Milestones: Impact on Solana and Its Tokens JUP and JTO

First Bitcoin ETF, Now Ethereum ETF, Whose Next SOL, XRP?

NVIDIA Earnings Crush Estimates, Sends AI Crypto Tokens Soaring

Join our free newsletter for daily crypto updates!