PEPE investor bought at the bottom and sold at a profit of 886%.
PEPE was one of the tokens with the largest value growth in the 2024 cryptocurrency rally, continuing to bring huge gains to its bottom-buying investors. This whale investor made a large investment of $200,000 in the meme token last October and sold it after yesterday's drop. This whale investor also made a profit of more than $1.7 million.
Although 2024 continues to be called the "year of the meme coin" in crypto, PEPE is one of the tokens with the largest gains. Since last year's low (ATH level), PEPE has risen more than 10 times, and this whale investor who acquired PEPE in October 2023 has realized a million-dollar profit today.
$200,000 bold purchase
This whale investor bought $200,000 worth of PEPE on October 26 last year. At the time, the rise of Solana-based meme coin BONK attracted attention. After BONK ignited the memecoin craze, PEPE gradually became one of the memecoins that gradually rose.
However, this investor held PEPE for months despite all the rise. However, after yesterday's drop, this whale investor sold all PEPE tokens at noon today.
This investor sold all his PEPE tokens and received a profit of $1.9 million. The profit rate reached 886%. At the time of writing this news, PEPE fell more than 10% in the past 24 hours and was trading at $0.000011. The memecoin broke its all-time high in May at $0.000017.
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