Thoughtful investments in PEPE amounting to $27 brought the trader $52 million.
According to analytics company Lookonchain, a trader who invested $27 in the meme token Pepe made an incredible profit of $52 million.
A large holder of PEPE, who had been inactive for 600 days, transferred all of his 2.1 trillion meme coins to a new address. From $27 to $52 million — an incredible profit of 1,900,000 times! — wrote the analysts at Lookonchain.
According to Coingecko data, since the beginning of January, Pepe has risen by 1600% and has become the second most profitable cryptocurrency in 2024. Due to such a rapid rise, in May another enterprising investor in Pepe turned $3000 into $46 million.
This year, meme coins have proven to be among the most profitable. For instance, the meme token Dogwifhat (WIF) based on Solana has increased by 1400%.
