How the PEPE whale that slept for 600 days turned $27 into $52 million using PEPE tokens

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Since Donald Trump won the U.S. election and the cryptocurrency trading market began to look bullish, many dormant accounts have returned to the market to benefit from the rebound. One such PEPE holder has also gained immensely, turning $27 into $52 million by investing in PEPE tokens. Interestingly, this isn't just trading for a day or a month, as this dormant PEPE whale has held trillions of tokens for two years.

Dormant PEPE whale achieves 1,900,000 times return through PEPE tokens

According to a post by Lookonchain, this cryptocurrency whale was silent for 600 days before entering the cryptocurrency trading market. At that time, it spent 0.0135 ETH (equivalent to $27) to purchase 2.1T PEPE during a price downturn. However, with the bull market performance of the token this year, that same investment has turned into $52 million, bringing extraordinary returns to the investor.

The dormant PEPE whale still holds all these tokens but has transferred them to a new wallet. This way, after holding these tokens for two years, this investor achieved a return of 1,900,000 times. Interestingly, this is not the only cryptocurrency trader profiting from PEPE tokens. Another trader turned $70 into $7 million after holding the tokens for two years, similar to this cryptocurrency whale.

This indicates that popular meme coins are setting a benchmark for huge returns. However, these meme-themed cryptocurrencies carry volatility risks, so appropriate cryptocurrency trading strategies are necessary.

Can PEPE reach $1?

As more and more cryptocurrency users become millionaires with such memecoins, investors are curious whether PEPE can reach the $1 mark. It is one of the strongest performing coins this year, having increased in value by 1606% year-to-date, recently reaching a historical high of $0.00002825, and currently trading at $0.00002397, with a market cap of $10.08 billion. However, for the price of PEPE to reach $1, its value must increase by 4,130,000%. Unless there is a significant bull market, this is almost impossible.