PEPE tokens are skyrocketing! One investor made $11.7 million just by selling at a low price

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The PEPE token has recently hit a new high, becoming one of the most profitable meme coins. Despite some fluctuations, this frog-themed token has still brought rich returns to investors. Recently, a cryptocurrency investor made a staggering $11.7 million by selling PEPE at a low price.

How to get $11.7 million in a down market?

According to a report from the analysis platform Lookonchain, the investor sold a large number of PEPE tokens during the downturn of PEPE prices and successfully made $11.7 million. What's more interesting is that all this happened after the price of PEPE fell from its all-time high of $0.00002825. If this investor had not missed the all-time high, his gains might have been even greater.

Despite this, the investor continues to invest in PEPE. In the past week, he invested $24.5 million to buy 1.42 trillion PEPE, continuing to profit from this frog-themed meme coin.

PEPE token's strong performance and market rebound

PEPE token has performed well this year, not only setting multiple all-time highs, but also starting to recover after the recent correction, with a 4% increase in price today. Despite a 35% correction after setting a new high 19 days ago, PEPE remains popular among investors, with trading volume reaching $2.13 billion at one point, indicating high market interest and active whale investors.

2024 meme coin market is hot

With the continued rise of meme coins, 2024 has become a "big year" for meme coins. Many investors are optimistic about the potential of tokens such as PEPE and choose to invest after conducting technical analysis. In the future, whether PEPE can continue to bring profits or fall into a slump due to market corrections is still a question worth paying attention to.

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