PepeCoin

Pepe

PEPE

<ul class="wp-block-list">
 <li>A Crypto trader made a 24,656x return trading PEPE tokens.&nbsp;</li>
 <li>After recording a new ATH, Pepe coin is now trading at $0.00002537.</li>
</ul>
As the crypto market reaffirms its nature of unpredictability and volatility, several astonishing on-chain activities are coming into light. While Bitcoin reached a new ATH, it didn’t take long for it to fall to the $95,000 price range. Following the suit, altcoins have also witnessed mixed price signals so far. Meanwhile, several crypto whales and long-term investors are leveraging the market prices to make big profits.&nbsp;
<div align="center">
 <blockquote class="twitter-tweet">
 Turning $3K into $73M, a 24,656x return, what a legend! Before the market plummeted, <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PEPE</a> broke through $0.000028, setting a new <a href="https://twitter.com/hashtag/ATH?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ATH</a>! This legendary trader sold another 100B <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PEPE</a>($2.8M) for profit. This trader invested ~$3K to buy 4.91T <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PEPE</a> on Apr 15, 2023. Over time, he… <a href="https://t.co/Z46fT8dbiY" rel="noopener noreferrer nofollow">pic.twitter.com/Z46fT8dbiY</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1866375426538631665?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 10, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div>
As per on-chain analytics platform, Lookonchain, a trader made a staggering profit of $73 million since last year. He invested around $3,000 to buy 4.91 trillion PEPE tokens in April last year. Instead of panic selling or giving in to greed, the trader made an intelligent move by selling PEPE over time at different prices.&nbsp;
Overall, he cashed out 3.03 trillion PepeCoins for $27.5 million and still holds 1.88 trillion PEPE which is worth $45.66 million. Based on the most recent transaction, the trader sold 100 billion PEPE tokens, bagging in $2.8 million. The total profits, realized and unrealized, amounts to $73 million as of today.&nbsp;
The fact that the legendary trader still holds 1.88 trillion Pepecoins indicates the possibility of selling some more when PEPE reaches new ATHs. The last transaction was made as PEPE reached a <a href="https://thenewscrypto.com/pepe-coin-hits-new-ath-moving-closer-to-shib-in-rankings/" target="_blank" rel="noopener noreferrer nofollow">new ATH</a> of $0.00002748 on Dec 9.&nbsp;
<h3 class="wp-block-heading" id="h-whales-accumulate-pepe-as-the-token-surpass-10-billion-market-cap">Whales Accumulate PEPE as the Token Surpass $10 Billion Market Cap</h3>
As the broader crypto market is making records, PepeCoin is also witnessing a surge of interest from investors. The memecoin has recently <a href="https://thenewscrypto.com/pepe-exceeds-10-billion-market-cap/" target="_blank" rel="noopener noreferrer nofollow">surpassed</a> the $10 billion market capitalization. As a result, it is positioned as the <a href="https://coinmarketcap.com/view/memes/" target="_blank" rel="noopener noreferrer nofollow">third-largest memecoin</a> by market cap.&nbsp;
In line with the broader crypto market, PepeCoin also recorded a price plunge and went to as low as $0.00002247. However, the price seems to recover with a 3% rise and PEPE is trading at $0.00002582 at press time. With the hopes of further price surge, several whales are accumulating PepeCoins.&nbsp;
Around 9 crypto wallets purchased <a href="https://x.com/lookonchain/status/1866396584633946272" target="_blank" rel="noopener noreferrer nofollow">555 billion PEPE</a> tokens in the past 4 hours. All the wallets are likely to belong to one single whale as all of them spent 13.8 million DAI combinedly to buy the PEPE. This whale accumulation, increasing investor sentiment in PepeCoin, combined with its staggering rise to the top 3rd position might indicate a much bigger price surge for PepeCoin.&nbsp;
Highlighted Crypto News Today:&nbsp;
<a href="https://thenewscrypto.com/solanas-price-falls-over-12-is-this-the-end-of-the-bull-run/" target="_blank" rel="noopener noreferrer nofollow">Solana’s Price Falls Over 12%, Is This the End of the Bull Run?</a>

Crypto Trader Turned $3K into $73M, Trading PEPE tokens

Table of Contents

TheNewsCrypto

Other articles published on Dec 10, 2024

Google Unveils Its Revolutionary New Product! Are Bitcoin and Cryptocurrencies in Danger?

Bitcoin and Ethereum ETFs Attract Record Inflows

XRP Price Eyes $2 Support Level Amidst Market Correction

Charles Hoskinson Highlights Cardano’s Role in U.S. Crypto Policy alongside Multiverse, Algorand,...

Bitcoin Supply Surges as ETFs and MicroStrategy Lead Key Market Movements

BlackRock Bitcoin ETF Defies Market Dip, Secures $358M in Net Inflows

Join our free newsletter for daily crypto updates!