$PEPE holders make tens of millions, but there is a big pit waiting

There is an early $PEPE epe holder who bought the token for $26, and now it has become $60.3 million, but he can't withdraw it.

There is such an early $PEPE epe holder. The $26 investment has now become a big golden egg of $60.3 million, but he can't withdraw it.

p

epe, as soon as it came out in April 2023, became popular in the cryptocurrency circle. Its frog Pepe's stalk attracted everyone's interest, and the price also rose sharply.

#超级MEME周期？

Many early investors cashed out and left, but this big PEPE holder, with a return rate of more than 200 million times, was still reluctant to sell. He went from the initial 26 million (here should be the original text is wrong, it should be a number after 26 is magnified many times, but to keep it colloquial, we directly use "26 million" as the symbolic starting point of his investment) to 60.3 million, but he didn't sell it.

But there is a pitfall

On-chain data shows that this big user spent $26 to buy more than 2 trillion PEPE on April 14, 2023. Unexpectedly, because the developer of the meme coin blocked him, he may never be able to withdraw the money. Developers have a privilege to block wallets, and this big user was caught.

Why blacklist? Everyone is guessing. Some people say that the owner of this wallet is the developer of PEPE, and blacklisting him is to prevent him from selling coins to affect the price. But this is just guessing, and no one knows the real reason.

The PEPE in this wallet accounts for nearly 0.6% of the total. If he sells it, the price will definitely fall. However, except for this blacklisted big user, other early Pepe buyers have made a lot of money and have become millionaires one by one.

Let's talk about Pepe's new record

Pepe set a new high today. Early Thursday morning, the price soared to $0.00002524.

I heard that this is because the cryptocurrency exchange Robinhood has started to support this third largest meme coin.