Pepe's $250,000 Investment in PEPE Coin Yields Massive Profit
Pepe Coin (PEPE) has reached new heights, marking a significant achievement in the meme crypto market. One investor's astute trading turned an initial $250,000 investment into an impressive $2.42 million, reflecting an 867% profit. According to Lookonchain, the investor bought 160.62 billion PEPE tokens on December 6 and 7, 2023. This strategic move resulted in a $2.17 million profit.
The same investor also demonstrated smart trading in PEPE derivatives. By investing $25,000 in 139,822 PEPE futures on December 6, 2023, the trader sold a portion (25,000) for 30.27 ETH, valued at $113,000. The remaining 114,822 PEPE futures are currently worth $574,000, bringing the total profit on these positions to $663,000 and yielding a return on investment of 2651%.
Amid bullish market sentiment, PEPE Coin's price rose 12.35% to $0.000017 on May 27, boosting its market cap to $7.19 billion and its 24-hour trading volume by 98.75% to $3.10 billion.
