Pepe Coin Price: Smart Traders Make 867% Profit, PEPE Hits New All-Time High.

Pepe Coin (PEPE) has risen to new heights, reaching a new all-time high. This milestone comes amid a bullish wave in the cryptocurrency market, with PEPE making significant gains in both spot and futures trading. Additionally, Pepe Coin toppled Polygon (MATIC) amid rising prices. Furthermore, one smart trader made 867% profit amid the recent rally.

Smart traders make huge profits from selling PEPE.

One savvy trader took advantage of the skyrocketing price of Pepe Coin, turning an initial investment of $250,000 into a staggering $2.42 million. According to Lookonchain, a blockchain tracking avenue, traders bought 160.62 billion PEPE tokens on December 6 and 7, 2023.

This strategic acquisition paid off handsomely as the trader sold his entire holding for 644 ETH, worth approximately $2.42 million. Therefore, the whale made a profit of about 2.17 million USD. This impressive achievement represents a return on investment (ROI) of 867%.

Additionally, this trader demonstrated smart trading when investing in Pepe Coin derivatives. They spent $25,000 on 139,822 Pepe Coin futures contracts on December 6, 2023. By selling a portion of this holding—25,000 coins—for 30.27 ETH, equivalent to $113,000, the trader ensure significant profits.

Furthermore, the remaining 114,822 Pepe Coin futures contracts are currently worth 574.000 USD. This brings the total profit on these positions to $663,000 and the abnormal ROI to 2651%. Additionally, in just the past three hours, two newly created wallets withdrew a total of 182.7 billion PEPE.

Pepe Coin Price.

Pepe Coin price continues to trade in the green amid bullish sentiment in the market. As of writing, PEPE price has increased 12.35% to $0.00001692 on Monday, May 27. Meanwhile, the market value of the Ethereum-based meme coin stands at $7.19 billion.