How a PEPE Whale That Slept for 600 Days Turned $27 into $52 Million Using PEPE Tokens
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Since Donald Trump won the U.S. election and the cryptocurrency trading market began to look bullish, many dormant accounts have returned to the market to profit from the rebound. One such PEPE holder has also benefited significantly; by investing in PEPE tokens, he turned $27 into $52 million. Interestingly, this is not just a one-day or one-month trade, as this dormant PEPE whale has held trillions of tokens for two years.
Dormant PEPE Whale Achieves 1,900,000 Times Return with PEPE Tokens
According to a post from Lookonchain, this cryptocurrency whale was silent for 600 days before entering the cryptocurrency trading market. At that time, during a price slump, it spent 0.0135 ETH (equivalent to $27) to purchase 2.1T PEPE. However, with the bullish performance of the tokens this year, the same investment has turned into $52 million, providing extraordinary returns for the investor.
The dormant PEPE whale still holds all these tokens but has transferred them to a new wallet. This way, the investor achieved a 1,900,000 times return after holding these tokens for two years. Interestingly, this is not the only trader who has profited from PEPE tokens. Another trader turned $70 into $7 million after holding the tokens for two years, similar to this cryptocurrency whale.
This indicates that popular meme coins are setting benchmarks for massive returns. However, these meme-themed cryptocurrencies carry volatility risks, so appropriate cryptocurrency trading strategies need to be developed.
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