According to records from on-chain analytics platform Lookonchain, a PEPE whale earned tens of millions of dollars thanks to his investment of just $27.
According to data shared by Lookonchain, a PEPE whale that has been inactive for 600 days has transferred all 2.1 trillion PEPE (approximately $52 million) in its possession to a new address. This massive transfer attracted the attention of both PEPE investors and the crypto market.
Rare in the crypto world
The whale’s story shows a rare feat in the crypto world. The whale made his first purchase for just 0.0135 ETH ($27), and kept his PEPE for 600 days. With this investment, the whale made an extraordinary return of 1,900,000 times.
Analysts emphasize that such huge gains are an example of the high volatility and risk-reward ratios of crypto markets. While PEPE’s market performance shows that it is possible to make big profits with small investments, it also reminds us that the rapid value changes of cryptocurrencies carry as much risk as opportunity.
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