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
$PEPE is on the verge of surpassing Polygon $MATIC in market capitalization.
PEPE's market cap has surged to $7.02 billion, closely trailing Polygon's $7.12 billion. This rise follows a 12.96% increase in PEPE's price, now at $0.00001657
ignore those who say pepe will fall down every currency falls but correct itself
pepe has potential to cross 1 $ pepe might seem down but soon it going to blast so holding it for end of 2024 is looking benefical as it had also crossed the 0.000017 mark . Holding it for long might get ur wallet filled so look out for updatand follow me for further signals
do not sell crypto because of sudden loss every currency dips but also corrects itself But be careful and think with ur own mind cause only if ur mind satisfied in a way u will be satisfied . so the decision is urs
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