🤑 Holders of $PEPE are cashing in big, but there’s a catch

An early holder of $PEPE turned a small investment of $26 into a mind-blowing $60.3 million. But there’s a catch: He can’t access his funds.

💸 The rise of $PEPE

When $PEPE launched in April 2023, its meme-style frog icon quickly gained popularity, with prices skyrocketing as interest grew.

💰 Million-dollar returns

Many early investors took profits and cashed out. But this big pepe holder, with gains over 200 million times his initial investment, held on. His $26 quickly multiplied, eventually reaching this whopping $60.3 million. Yet he didn’t sell, because he can’t.

🚫 The Mystery of the Locked Wallet

According to blockchain data, this user bought over 2 trillion pepe tokens on April 14, 2023. But developers locked his wallet, preventing him from selling. Rumor has it that this could have prevented him from crashing the price with a big sale, though the real reason remains unknown.

📉 Potential Price Impact

The locked wallet holds nearly 0.6% of the total pepe supply, so any major selloff could affect the price. Meanwhile, other early holders have made big profits, with some becoming millionaires.

🚀 New Highs for $PEPE

Recently, pepe hit a new high of $0.00002524, thanks in part to Robinhood now backing it as the third-largest meme coin.