An early investor in a top-30 memecoin by market capitalization has transformed a few hundred dollars into millions in just over a year.

Blockchain tracker Lookonchain reports that the trader purchased billions of $PEPE (PEPE) memecoins shortly after their public launch. The trader subsequently sold 42 billion Pepe tokens on July 7, 2023, 100 billion on May 4, and the remaining tokens on May 22, achieving a profit of approximately 735,831%.

New York… Among the (too) long list of crypto projects heavily scrutinized by the SEC, Ripple undoubtedly takes the top spot. Since 2020, it has faced legal action over its cryptocurrency XRP, considered an unregistered security. However, after a prolonged battle, Ripple Labs has achieved significant victories. Nevertheless, they now face a staggering regulatory bill of $2 billion, which is not well-received by its leaders. Meanwhile, pressure is easing at the New York Department of Financial Services (NYDFS) regarding the contentious issue of XRP.

Meme coins are cryptocurrencies inspired by internet memes and cultural trends. Often starting as jokes, they can gain significant value through community support and social media hype.
Popular examples :
1. Dogecoin (DOGE)
2. Shiba Inu (SHIB)
3. Dogelon Mars (ELON)
4. Akita Inu (AKITA)
5. Floki Inu (FLOKI)
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