According to CryptoPotato, a trader who purchased 170.2 billion PEPE coins last October sold them on July 25 for $1.97 million, achieving a profit of $1.77 million. This significant return on investment (ROI) of 886% highlights the potential for substantial gains in the volatile meme coin market. The trader executed the sale in two transactions, first swapping over 100 billion PEPE for $1.16 million in USDC and then converting the remaining tokens for $812,000 worth of the stablecoin. While some observers praised the timing of the sale, others noted that the profit could have been higher if the trader had cashed out two months earlier when PEPE's price was at an all-time high of around $0.00001699. Currently, PEPE trades at $0.00001171, representing a 30% decline from its peak, according to CoinGecko data. The PEPE trader is not alone in achieving substantial gains from meme coins. Another trader who bought over 48 billion SHIB tokens in January 2021 for 2 ETH, worth $2,700 at the time, sold them for over 280 ETH in May this year, amounting to more than $1.2 million. Additionally, a trader who spent $310 at the end of 2023 to accumulate approximately 2.5 million dogwifhat (WIF) coins stands to make over $6 million if they decide to cash out. Despite the potential for high returns, investing in meme coins carries significant risks due to their notorious volatility and often questionable use cases. These assets are frequently driven by specific trends that may eventually fade, leading to substantial financial losses. Prospective investors are advised to conduct thorough research and only invest amounts they are prepared to lose.