According to U.Today, a notable cryptocurrency whale, known for holding onto assets for extended periods, recently sold a significant amount of PEPE coins. This whale, who had held the PEPE coins for nearly a year, made a substantial return on the investment in this meme coin. The whale transferred 170.2 billion PEPE coins to a cryptocurrency exchange and sold them, earning $1.77 million. The return on investment (ROI) for this transaction was an impressive 886%. The whale had initially purchased 107.2 billion PEPE coins at the end of October last year, spending 200,000 USDC on the purchase and holding onto the coins until now. This transaction highlights the potential for significant gains in the volatile cryptocurrency market, particularly with meme coins like PEPE. Over the past 24 hours, PEPE has experienced a notable decline, losing nearly 12% in value after a 10.76% increase on Wednesday. The coin has dropped below the $0.00001293 price mark, hitting $0.00001141. PEPE, which emerged in April last year, was created by a team of anonymous developers and is inspired by the Pepe the Frog meme. Unlike other popular meme coins, PEPE has not seen any updates or developments since its launch, and its utility remains at zero. Despite this, the coin continues to attract short-term investors and traders who actively buy and sell it. The lack of updates and ongoing development has led to PEPE being viewed primarily as a speculative investment tool. In contrast, other meme cryptocurrencies like Dogecoin, Shiba Inu, Floki, and BabyDoge have seen continuous updates and developments, adding to their utility and appeal. PEPE's appeal among short-term investors and traders underscores the speculative nature of the cryptocurrency market, where significant gains can be made, but risks remain high.