Pepe Coin

Pepe

Coin

Pepe Coin (PEPE) has surged to new heights, hitting a new all-time high. This milestone comes amid a wave of bullish momentum in the cryptocurrency market, with PEPE making significant gains in both spot and futures trading. In addition, <a href="https://coingape.com/markets/pepe-coin-price-analysis-12-rally-signals-pepe-breakout-to-0-00002t-as-ethereum-etf-hype-thaws/" target="_blank" rel="noopener">Pepe Coin</a> flipped Polygon (MATIC) amid the price rally. Moreover, a smart trader bagged 867% profit amid the recent rally. 
<h2 id="smart-trader-bags-massive-profit-from-pepe-sale">Smart Trader Bags Massive Profit From PEPE Sale</h2> 
A savvy trader has capitalized on the soaring Pepe Coin price, turning an initial investment of $250,000 into a staggering $2.42 million. According to Lookonchain, a blockchain tracking avenue, the trader purchased 160.62 billion <a href="https://coingape.com/blog/maga-vs-pepe-top-reasons-maga-might-flip-pepe/" target="_blank" rel="noopener">PEPE tokens</a> on December 6 and 7, 2023. 
This strategic acquisition paid off handsomely when the trader sold all holdings for 644 ETH, valued at approximately $2.42 million. Hence, the whale realized a profit of around $2.17 million. This impressive feat represents an 867% return on investment (ROI). 
Additionally, the same trader demonstrated clever trading with investments in Pepe Coin derivatives. They spent $25,000 on 139,822 Pepe Coin futures on December 6, 2023. By selling a portion of these holdings—25,000 coins—for 30.27 ETH, equivalent to $113,000, the trader secured a substantial profit. 
Moreover, the remaining 114,822 Pepe Coin futures are currently valued at $574,000. This brings the total profit on these positions to $663,000 and an extraordinary ROI of 2651%. In addition, in the past three hours alone, two newly created wallets withdrew a combined total of 182.7 billion PEPE. 
The transactions were worth approximately $3.1 million, from the OKX exchange. Such substantial withdrawals often indicate confidence in the asset’s future performance or preparation for large-scale trades or sales. 
Also Read:&nbsp;<a href="https://coingape.com/pepe-coin-extends-weekly-rally-to-over-80-amid-whale-accumulation/" target="_blank" rel="noopener">PEPE Coin Extends Weekly Rally To Over 80% Amid Whale Accumulation</a> 
<h2 id="pepe-coin-price">Pepe Coin Price</h2> 
The Pepe Coin price continued trading in the green amid the bullish sentiment in the market. As of writing, the <a href="https://coingape.com/price/pepe-coin/" target="_blank" rel="noopener">PEPE price</a> surged 12.35% to $0.00001692 on Monday, May 27. Whilst, the Ethereum-based meme coin’s market valuation stood at $7.19 billion. Whilst, the 24-hour trading volume surged 98.75% to $3.10 billion. 
The Pepe Coin price attained a fresh ATH of $0.00001718 today. According to Coinglass, the PEPE futures open interest reached a record $196.47 million, marking an 18.19% increase in the last 24 hours. This robust performance has propelled Pepe Coin to become the 18th largest crypto by market capitalization, surpassing Polygon (MATIC). 
Also Read:&nbsp;<a href="https://coingape.com/trending/can-pepe-price-surge-any-higher-technical-indicators-indicate-pullout/" target="_blank" rel="noopener">Can PEPE Price Surge Any Higher? Technical Indicators Indicate Pullout?</a> 
The post <a href="https://coingape.com/pepe-coin-price-smart-trader-nabs-867-profit-pepe-hits-new-all-time-high/">Pepe Coin Price: Smart Trader Nabs 867% Profit, PEPE Hits New All-Time High</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Pepe Coin Price: Smart Trader Nabs 867% Profit, PEPE Hits New All-Time High

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