Ethereum Memecoin $PEPE hits a new all-time high

In a bullish session, Ethereum's largest capitalized memecoin, $PEPE, rose 10% to hit a new all-time high of $0.00001577. This notable price increase reflects the growing interest and investment in memecoin.

Famous investor James Wynn, known on Twitter as jwynn.eth (@JamesWynnReal), deposited 491 billion USDPEPE, worth approximately $7.54 million, into Binance. Wynn has been vocal about his belief that $PEPE remains severely undervalued despite its recent gains.

His confidence is bolstered by his previous investment, where he spent just $8,524 to acquire $2.83 trillion PEPE, now worth $44.4 million, carrying return significant profits.

jwynn.eth(@JamesWynnReal) deposited $491 billion PEPE ($7.54 million) into#Binancebefore saying that $PEPE remains severely undervalued.

He previously spent $8,524 to buy $2.83 billion of PEPE (currently $44.4 million) and made huge profits from $PEPE.

He now has 476.8 billion $PEPE(7.48 million USD) left. pic.twitter.com/9flTGYpNxw

— Lookonchain (@lookonchain) May 25, 2024

Currently, Wynn holds 476.8 billion USD PEPE, worth 7.48 million USD, maintaining an important position in memecoin. This strategic move underscores his continued belief in the further upside potential of $PEPE.

Another investor made $3.49 million in profit from $PEPE

Furthermore, another savvy investor, dubbed the “smart money,” also made significant profits from trading $PEPE.