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The trader earned $46 million with PEPE after reaching a new ATH
Following Pepe (PEPPER) reached new all-time highs, a trader made 15,718x profit in one year.
According to data provided by Lookonchain, on April 15, 2023 the trader purchased a total of 4.9 trillion PEPE for less than $3,000, selling Timeless (LIT) worth $2,256, Ethereum worth $210 (ET) and 500 USDC to purchase the memecoin.
Earned more than $46 million on $PEPPER with just $3,000, a profit of 15,718x!😱
This super big winner sold 255 billion $PEPPER($ 2.3 million) for profits again after the price of $PEPPER increased.
He spent just $3,000 to buy 4.9 trillion $PEPPER($56 million currently) on April 15, 2023 and sold 1.41 trillion $PEPPER for 7.4 million dollars, with 3.5 trillion… pic.twitter.com/VKGxmK9gCt
—Lookonchain (@lookonchain) May 15, 2024
After the huge returns, the portfolio holder has sold a total of 1.41 trillion PEPE so far, worth $7.4 million.
On-chain data shows that the trader still has a total of 3.5 trillion PEPE tokens, worth approximately $38.9 million at the time of reporting. The huge profits come as PEPE hit a new all-time high of $0.00001145 today.
The frog-themed meme coin is up 12.1% in the past 24 hours and is trading at $0.00001142 at the time of writing. After the price rally, PEPE currently has a total market capitalization of $4.8 billion, making it the 23rd largest crypto asset on the market.
PEPE Price and Whale Activity – May 15 | Source: Santimento
Furthermore, Pepe’s daily trading volume also saw a 76% increase in the last 24 hours, reaching $3.85 billion.
According to a May 14 crypto.news report, the whales’ transactions amounted to at least $100,000 in PEPE skyrocketed in the last 48 hours. However, Santiment data shows a decline from 706 to 698 such transactions in the last 24 hours.