According to Odaily, a blockchain analyst identified as @ai_9684xtpa has reported a significant increase in the value of the PEW token. The token's opening price has surged by a staggering 144 times its initial value. A particular investor, identified by the Ethereum address 0xFC0...b8B85, has seen a return of 6755% on their investment, making a profit of $780,000 from an initial investment of just 3 ETH.
The investor purchased 36.7 billion PEW tokens at an average price of $0.0000003138 per token, just ten minutes after the token was launched. Within an hour, the investor had sold 1.1% of their tokens, amounting to 4.2 billion tokens, and had already recouped their initial investment. The remaining tokens are pure profit, contributing to the floating profit of $780,000.
The Ethereum address 0xFC0...b8B85 is currently the top holder of PEW tokens. The significant return on investment demonstrates the potential profitability of investing in newly launched tokens, although it also highlights the high-risk nature of such investments.