Among mainstream cryptocurrencies such as Bitcoin and Ethereum, MEME has a unique temperament and has attracted a group of unique fans.
The hype started with memes and humor, and while it’s a high-risk market to enter, it can also be a high-reward market, and PEPE is one of them. Let’s look at the experience of the next investor who turned $26 into $61.5 million using this frog-themed cryptocurrency.
How $26 Became $61.5 Million
In April 2023, an investor perfectly analyzed the growth potential of PEPE and invested only $0.013 in ETH, worth about $26. He used this money to buy 2.52 trillion tokens because PEPE had just entered the market and lacked investor attention. However, over time, PEPE's valuation has grown amazingly, now turning $26 into $61.5 million, making it a successful cryptocurrency trading experience.
Interestingly, it was nothing a year ago. All this is happening after its strong performance at the beginning of this year, when PEPE shocked everyone by rising to its previous high of $0.00001669.
Yesterday, PEPE prices hit a record high
Crypto whales have been chasing crypto trading over the past few days, with many accumulating billions of tokens. Recently, a giant whale deposited 500 billion $PEPE, worth about $11.38 million, to the popular exchange Coinbase. On-chain data shows that the whale spent 1.173 ETH ($2.04 million) to buy $PEPE between May 6 and September 10, 2023. The price was quite low at the time, but it increased exponentially over a one-year holding period. The whale still holds 1.5T $PEPE ($36 million), making a total profit of $45 million.
Another crypto whale has taken the same path to crypto trading, withdrawing nearly 197.39 billion tokens ($4.8 million) from Binance. With such high whale activity, it’s not hard to understand why the PEPE price has surged 120% in a week and 74% in the past 24 hours, hitting a new all-time high of $0.00002524 a few hours ago.
How will PEPE perform next?
PEPE has seen a considerable surge in price over the past two days due to the constant interaction of whales and listings on major cryptocurrency exchanges. In the past few days, these exchanges including Coinbase, Robinhood, and Upbit have announced the listing of the token, doubling its demand in the market. More importantly, bulls are driving the cryptocurrency trading market as sentiment turns greedy, which will definitely play a role in this.
However, the price has dropped significantly since the ATH and is currently at $0.00002232, consolidating after strong buying. If user sentiment remains the same, there is a chance that the upside will continue. Currently, the market cap and trading volume of PEPE are $9.41 billion and $20.77 billion, respectively, clearly indicating its recent milestones and bringing new gains to holders.
Where is the next 100x MEME?
The popularity of the recently popular Solana meme coins continues to rise. For example, PUNT has increased by more than 5,000% on Binance in 3 days, ACT price has increased by 2,700% in the past week, Bonk has increased by 50%, and WIF has increased by 47%.
The current meme coin craze on Solana has investors fomo and entering a period of excitement. The latest popular Solana meme coins include BAN and LUCE, which can be ambushed in advance. If you need specific entry points and purchase methods, you can send a private message to Penny, and we will snipe the next 100x meme together.
