Memecoin: This Trader Bets $27 and Wins $52 Million Thanks to Pepe (PEPE)

Pepe memecoin was launched in April 2023, and quickly joined the list of the top 100 cryptocurrencies. Since the beginning of the year, the latter has recorded an increase of more than 1600%. Unsurprisingly, this has allowed many investors to make significant profits.

The Pepe token has had an impressive performance in 2024. Since the beginning of the year, it has recorded an increase of more than 1600%, making it one of the best performing coins among the top 100 cryptocurrencies.

As revealed by LookOnChain, one investor managed to turn an initial investment of $27 into a massive gain of $52 million. This feat was achieved thanks to a massive purchase of Pepe in April 2023, when the token was still at a very low price.$PEPE