Pepe Coin Price Soars: Trader Nets 867% Profit, PEPE Reaches New All-Time High🤯💥📈

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Pepe Coin (PEPE) has surged to unprecedented levels, reaching a new all-time high. This milestone is part of a broader bullish trend in the cryptocurrency market, with PEPE achieving notable gains in both spot and futures trading. Notably, Pepe Coin has overtaken Polygon (MATIC) amid the price rally. Furthermore, a savvy trader has secured an 867% profit during this recent surge.

Smart Trader Reaps Massive Gains From PEPE Sale

A sharp-witted trader has made the most of the rising Pepe Coin price, transforming an initial $250,000 investment into an astounding $2.42 million. According to Lookonchain, a blockchain tracking platform, the trader bought 160.62 billion PEPE tokens on December 6 and 7, 2023. This strategic move paid off significantly when the trader sold all holdings for 644 ETH, valued at approximately $2.42 million, yielding a profit of around $2.17 million, which equates to an 867% return on investment (ROI).

In addition, the trader showed astute trading with investments in Pepe Coin derivatives. They invested $25,000 in 139,822 Pepe Coin futures on December 6, 2023. By selling a portion—25,000 coins—for 30.27 ETH, equivalent to $113,000, the trader secured a considerable profit. The remaining 114,822 Pepe Coin futures are currently valued at $574,000, bringing the total profit on these positions to $663,000 and an exceptional ROI of 2651%. Additionally, in the past three hours, two newly created wallets withdrew a combined total of 182.7 billion PEPE.

Pepe Coin Price

The Pepe Coin price continues to rise amid the bullish market sentiment. As of writing, the PEPE price has surged 12.35% to $0.00001692 on Monday, May 27. The Ethereum-based meme coin's market valuation now stands at $7.19 billion, with a 24-hour trading volume up 98.75% to $3.10 billion.