🚀 Pepe Coin (PEPE) reaches new all-time highs, riding the wave of the meme crypto frenzy. One savvy investor makes a smart move, earning millions of dollars in profit.
Pepe Coin has surged to its highest level ever, marking a significant milestone amidst a wave of momentum in both spot and futures trading. Moreover, a smart trader has pocketed a staggering 867% profit during the recent rally.
Investor Scores Big with PEPE Coin Sale
A knowledgeable trader capitalized on the rising Pepe Coin price. Their initial investment of $250,000 soared to an impressive $2.42 million. According to the blockchain tracking platform Lookonchain, the investor purchased 160.62 billion PEPE tokens on December 6th and 7th, 2023.
This strategic purchase resulted in the whale making approximately $2.17 million in profit. This impressive success represents an astounding 867% return on investment (ROI).
Critical Moves from the Investor
Additionally, the same investor demonstrated smart trading with investments in Pepe Coin derivatives. On December 6th, 2023, they spent $25,000 on 139,822 Pepe futures contracts. By selling a portion of this investment (25,000) for 30.27 ETH, equivalent to $113,000, the trader made significant profit.
Furthermore, the remaining 114,822 Pepe Coin futures contracts are currently valued at $574,000. This brings the total profit from these positions to $663,000, with an extraordinary return on investment of 2651%. Moreover, within just the last three hours, two newly created wallets have attracted a total of 182.7 billion PEPE.
Pepe Coin Price
Amidst the market's bullish sentiment, Pepe Coin continues to trade in the green. As of May 27th, Monday, PEPE's price surged by 12.35% to $0.000017. The Ethereum-based meme coin's market capitalization reached $7.19 billion, with a 24-hour trading volume increasing by 98.75% to $3.10 billion.
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