Invest 900 yuan and get a return of more than 1.9 million times
Recently, the cryptocurrency market has once again staged the drama of "small money turning around". A mysterious investor bought $PEPE for US$27 (approximately NT$900) nearly 600 days ago, and it has now soared to US$51.975 million (approximately NT$1.7 billion). According to information provided by Lookonchain, an on-chain data analysis agency, this "lurking whale" transferred 2.1 trillion $PEPE tokens to a new address on December 10, shocking the market and achieving a return on investment of up to 1.9 million times.
Source: Lookonchain A mysterious investor bought $PEPE for $27 nearly 600 days ago, and it has now soared to $51.975 million
In addition to this sensational transfer transaction, $PEPE’s own rise has also attracted more attention. Another trader also obtained staggering profits through the "meme currency strategy". He previously invested 3,000 US dollars to obtain 4.91 trillion $PEPE, and then successively sold part of his holdings and cashed out 275 million US dollars, and now has the remaining 1.88 trillion. Mega$PEPE is valued at approximately 4.56 billion yuan. It is worth noting that $PEPE hit a record price high of 0.000028 yuan on December 9. The market value once exceeded 118 billion yuan and then fell back to the 106 billion yuan level. On the same day, the trader sold another 10 billion $PEPE on Coinbase, making a profit of 28 million yuan.
Meme currency market explodes, risks and profits coexist
As a “meme coin” that has surged in recent years, $PEPE’s trend has been surprising. Due to its strong social and speculative character, buyers often focus on the potential to double or even hundreds of times in a short period of time. However, the biggest feature of meme coins is that they fluctuate violently, with no clear technical implementation or commercial application support behind them. Some analysts warned that although investors have the opportunity to make huge profits, they also bear the risk of significant corrections and liquidity.
In this case of $PEPE's surge, a few whale-level players made huge profits in the short term. However, if the overall market falls due to massive selling, small investors often lack the opportunity to exit. When any party's "giant whale" releases a huge amount of tokens into the market, it can easily cause a price flash crash. At the same time, the successful experience of the meme currency ecosystem continues to attract more entrants, forming a similar "gamble" effect. Retail investors often become the target of harvesting during the sudden rise and fall.
Behind the transformation of small money into big money: investment also needs to be rational
The news headline "Only spending 900 yuan to make nearly 1.7 billion yuan 600 days ago" is indeed tempting, but experts remind that for the vast majority of investors, such stories known as "getting rich overnight" are not common. sex. If you rashly invest in highly volatile and highly speculative assets without a clear risk management plan or in-depth research, the possibility of your funds being cut in half or reduced to zero is quite high.
Market participants suggest that we should continue to pay attention to the basic functions and application scenarios of cryptocurrency, rather than simply following the trend or being superstitious about the "saga of getting rich".
In addition, the rapid rise in popularity of meme coins such as $PEPE has once again highlighted the trading culture and retail psychology of the crypto market: some people enter the market simply by chasing the market or believing in community slogans, while others take advantage of the trend for short-term speculation and arbitrage. No matter what kind of operation, it shows that "meme currency" has already become a special ecology that cannot be ignored in the encryption world. For ordinary investors, although these fantastic figures can ignite the imagination, they must also keep in mind the principles of investment risk: concentration, liquidity and self-responsibility are all key considerations that cannot be ignored.
Overall, meme coins are like an "adventure park" in the crypto market, with amazing potential rewards and the potential for collapse at any time. The bizarre event of "1.9 million times in 600 days" can be said to be the best portrayal of the coexistence of charm and madness in the encryption market. If investors want to step into it, they still need to make reasonable allocations and fully understand the risks, so that they can maintain their capital in the ever-changing market wave and seize the fleeting opportunities.
[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.
"Get it right and you'll get rich!" He spent 900 yuan to buy "this coin" 600 days ago and has now made a huge profit of 1.7 billion." This article was first published in "Crypto City"
