Amidst the phenomenal price increase of Pepe Coin, a smart trader has achieved an ROI of over 1200% in one year of PEPE trading. Smart trader also traded ONDO and BEAM and made huge profits.
Against the backdrop of a bull run launched by the popular frog-based meme cryptocurrency, Pepe Coin, a shrewd trader has been recorded making huge profits.
This phenomenon has gained significant attention throughout the global crypto community, indicating the potential of meme-based investing to benefit investors.
Notably, the price of Pepe Coin has seen a phenomenal rise over the past few days, with the token hitting new ATHs multiple times. Here’s a closer look at Smart Trader’s investment portfolio and PEPE price movements.
Smart Trader Makes Profit Off PEPE, ONDO, & BEAM
According to insights from online tracking platform Lookonchain, one smart trader has grown his investment portfolio from $23M to $65M, earning him $42M in just one year. . Amazingly, he traded PEPE, ONDO, and BEAM cryptos to make these profits.
The trader spent 2,434 ETH to buy 3.97 trillion PEPE. Then, sold 125 billion PEPE for 350 ETH, worth $1.27 million. Still holding 3.84 trillion PEPE, worth $56.43 million, SmartTrader’s ROI is 1203%.
Meanwhile, the trader traded 7.55 million ONDO at an average price of $0.26, worth $1.9 million. Then, it sold 2.56 million ONDO at an average price of $0.79, still holding 4.99 million ONDO worth $5.73 million. This trading strategy boasted an ROI of 288%.
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Further, the trader bought 139.47 million BEAM at an average price of $0.019, worth $4.44 million. By selling 139.47 million BEAM at an average price of $0.032, the trader made a profit with an ROI of 72%.
PEPE, ONDO, & BEAM Price Movements
While, as of writing, the price of PEPE has shown signs of a comeback, down 4.26% to $0.0000139 in the last 24 hours. It is worth noting that PEPE recently hit a new ATH, defying broader market sentiment.
BEAM price fell 3.69% over the previous day, remaining at $0.02659. With an annual chart reflecting a gain of 442.51%, the token has garnered significant interest among crypto market participants.
ONDO, on the other hand, rose 7.29% to $1.07 in the last 24 hours. According to data from Coinmarketcap, the token is currently among the most leveraged in the market.
Crypto market enthusiasts continue to speculate whether there is room for further gains in these cryptos.
