1 Year Later: Trader Nets $46 Million with PEPE Amid Meme Coin Craze

Whale transactions worth at least $100,000 in PEPE surged 416% on May 14 as investors cashed out at its ATH.

May 15, 2024 - 21:50
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1 Year Later: Trader Nets $46 Million with PEPE Amid Meme Coin Craze

An anonymous trader has made headlines by making a profit of $46 Million with PEPE within one year, equivalent to a 15,718x gain.

This comes as the Solana-based meme coin recently achieved a milestone that saw it hit a new all-time high on May 15.

The Trader’s Strategy

According to Lookonchain data, the trader acquired 4.9 trillion PEPE tokens, currently valued at $56 million, on April 15, 2023, spending less than $3,000.

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