Investor Turns $26 into $61.5 Million with PEPE, But Wallet Blacklisted 🐸🤑
A $26 investment in PEPE turned into $61.5 million, showcasing the profit potential in memecoins. However, the investor’s wallet was blacklisted, leaving the fortune inaccessible.
Whale activity and exchange listings fueled PEPE's 120% rally, pushing its market cap to $9.41 billion. A whale moved $11.38 million worth of PEPE tokens to Coinbase, driving the surge.
Memecoin Revival Sparks Interest
The recent memecoin revival reignited interest in PEPE, a frog-themed cryptocurrency. Whale transactions and major exchange listings boosted momentum, exciting investors.
Notably, a $26 investment turned into $61.5 million, highlighting the lucrative potential of memecoins.
A Strategic Bet Pays Off
In April 2023, an investor spent 0.013 ETH (about $26) to buy 2.52 trillion PEPE tokens. As PEPE gained popularity, the value soared, turning the modest investment into $61.5 million.
However, the investor faced a hurdle when the wallet was blacklisted by PEPE’s developers, blocking access to the funds. The reasons remain unclear.
Whale Activity Fuels PEPE’s Surge
Whale transactions played a key role in PEPE’s rise. On-chain data revealed a whale transferred 500 billion PEPE tokens ($11.38 million) to Coinbase, signaling confidence.
This whale spent 1.173 ETH ($2.04 million) from May to September 2023 to accumulate tokens. The rally turned the investment into significant profits.
Another investor withdrew 197.39 billion tokens ($4.8 million) from Binance, further boosting sentiment.
PEPE’s rise shows the unpredictable, high-reward nature of memecoins, with market catalysts creating extraordinary returns.
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