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Cryptocurrency trader turns $27 into $52 million with $PEPE token investment Despite having no intrinsic value, memecoins have created many new millionaires among cryptocurrency investors. A cryptocurrency trader has turned a $27 investment in the Pepe memecoin into a $52 million windfall, according to blockchain analytics firm Lookonchain. "A PEPE whale that had been inactive for 600 days transferred all 2.1T PEPE (USD 52M) to a new address... From USD 27M to USD 52M While technical analysis is often inaccurate when it comes to memecoins, some crypto traders are predicting further upside for Pepe. The continued success of memecoins can be seen as a symptom of younger generations’ disillusionment with the financial system, according to Hao Yang, head of financial products at Bybit. "The success of memecoins can be seen, like punk rock, as a symptom of the disillusionment of young investors who have seen the opportunities offered to their parents disappear," Yang told Cointelegraph. #PEPE $BTC $PEPE #Write2Earn #OnChainLendingSurge
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