In just over a month, a buyer who bought a memecoin ranked in the top 30 by its market capitalization turned several hundred dollars into millions.
The trader was tracked by blockchain tracking service Lookonchain acquired Pepe in the billions (PEPEMemecoin launched just a couple of days after its initial public release.
A trader sold 100 billion Pepe Tokens in May, followed by 42 billion Pepe Tokens on the 7th July 2023. The remaining tokens were then sold on 22nd May, earning him a profit of 735,831%.
Binance has received 182.9 billion PEPE (2.53 millions USD) from an early PEPE buyer six hours earlier.
The guy who bought 324.9 billion PEPE for 0.22 Ethereum (462) on April 15, 2023, and then sold the entire amount of $3.4 million.
He turned $462 into $3,4 million. That’s a 7,368x gain!
PEPE has risen by 97% in the last 30 days, trading for $0.0000128.
This blockchain tracking tool also says A trader holding trillions in Pepes purchased between April 14th and April 23rd 2023 now has over a 95,000,000% gain.
The diamond [hands] By buying and holding PEPE for 83 dollars, the trader was able to turn it into $79.4million, an increase of 958.580x.
“Three wallets (belonging the same person) have spent only $83 to purchase 6.44 trillion pepe ($79.4 millions) and never sold any of it.”
Lookonchain further says BlockTower Capital, a crypto-investment firm, made a profit over 20% when it sold a large amount of Pepe through the Cumberland institutional trading platform.
BlockTower Capital sold 202 billions of PEPE to Cumberland two hours after PEPE prices broke $0.000014.
BlockTower Capital acquired the 202 billion Pepe (2,22 million dollars) through Cumberland 6 days ago.
Make $578,000 over six days and get a 26 percent return.
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