Amid the bull run for Pepe Coin, a well-known frog-themed meme cryptocurrency, a clever trader has made a huge profit. The phenomenon has attracted widespread attention in the global cryptocurrency community, highlighting the potential of meme investing to generate gains for investors.

It is worth noting that the price of Pepecoin has risen sharply in the past few days, setting new highs several times. Let's take a closer look at the portfolio of smart traders and the price trend of PEPE.

Smart traders profit from PEPE, ONDO, and BEAM

According to information disclosed by the on-chain tracking platform Lookonchain, a smart trader increased his portfolio from $23 million to $65 million, making $42 million in just one year. Interestingly, he made these profits by trading PEPE, ONDO, and BEAM cryptocurrencies.

The trader spent 2,434 ETH to buy 3.97 trillion PEPE. Subsequently, 125 billion PEPE was sold at a price of 350 ETH, worth $1.27 million. Currently, the trader still holds 3.84 trillion PEPE, worth $56.43 million, with a return on investment of 1203%.

At the same time, the trader also bought 7.55 million ONDO at an average price of $0.26, worth $1.9 million. Then, he sold 2.56 million ONDO at an average price of $0.79, still holding 4.99 million ONDO, worth $5.73 million. The return on investment of this trading strategy is 288%.

In addition, the trader bought 139.47 million BEAM at an average price of $0.019, worth $4.44 million. Selling 139.47 million BEAM at an average price of $0.032 made the trader profitable, with a return on investment of 72%.

PEPE, ONDO and BEAM price trends

However, as of this writing, PEPE’s price has shown signs of a correction, falling 4.26% over the past 24 hours to $0.0000139. Notably, PEPE recently hit a new all-time high, defying broader market sentiment.

BEAM’s price fell 3.69% over the past day and closed at $0.02659. The yearly chart shows that the coin has gained a whopping 442.51%, which has attracted a lot of interest from cryptocurrency market participants.

On the other hand, ONDO’s price has surged 7.29% in the past 24 hours to $1.07. According to Coinmarketcap, the token is currently one of the top gainers in the market.

Crypto market enthusiasts continue to speculate whether these cryptocurrencies have further room to rise.