Pepe Invested 250 Thousand Dollars in Coin: How Much Profit Did He Sell It Now?
#Pepe Coin (PEPE) soared to new highs. Pepe, who has made significant gains in the meme crypto craze, is improving day by day. An investor made millions of dollars with a smart transaction.
Pepe coin reached its all-time high. This milestone comes amid a wave of bullish momentum in the cryptocurrency market, with PEPE posting significant gains in both spot and futures trading. Moreover, one smart trader made an 867% profit in the midst of the recent rally.
A savvy trader took advantage of the rising Pepe Coin price. The investor's initial investment of $250,000 grew to a staggering $2.42 million. According to Lookonchain, a blockchain tracking platform, the investor purchased 160.62 billion PEPE tokens on December 6 and 7, 2023.
As a result of this strategic acquisition, Whale made a profit of approximately $2.17 million. This impressive achievement represents a return on investment (ROI) of 867%.
Additionally, the same investor showed smart trading with investments in Pepe Coin derivatives. He spent $25,000 on the 139,822 Pepe futures on December 6, 2023. The trader made a significant profit by selling a portion of this trade (25,000) for 30.27 ETH, equivalent to $113,000.
Additionally, the remaining 114,822 Pepe Coin futures are currently worth $574,000. This brings the total profit on these positions to $663,000 and an outstanding return on investment of 2651%. In addition, in the last three hours alone, the two newly created wallets attracted a total of 182.7 billion PEPE.
Pepe Coin price continued to trade in the green amid bullish sentiment in the market. At the time of the news, the PEPE price rose 12.35% to $0.000017 on Monday, May 27. The market valuation of the Ethereum-based meme coin stood at $7.19 billion. 24-hour trading volume increased by 98.75% to $3.10 billion.