An unknown trader made more than $46 million thanks to investments in the Pepe Coin (PEPE) memcoin.
This was reported by the analytical company Lookonchain.
On April 15, 2023, he spent $3,000 to acquire 4.9 trillion PEPE.
Soon the trader sold 1.41 trillion tokens for $7.4 million. After this, the investor did not take any action with this asset for almost a year.
At the beginning of March 2024, he began selling tokens in small parts. At the time of writing, he has more than $38.6 million on his balance sheet. The total profit is more than $46 million, that is, the trader has increased his deposit by 15,718 times.
Let us remind you that on May 15, 2024, the PEPE token updated its historical maximum at $0.00001161.
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