In a remarkable display of market timing and strategy, a crypto trader transformed a mere $3,000 investment into an astonishing $73 million through early involvement in the PEPE meme coin. According to data highlighted by blockchain analytics platform Lookonchain, the trader initially purchased 4.91 trillion PEPE in April 2023, just days after the token’s public launch.
As PEPE soared to its all-time high in May 2023, the trader began selling portions of the massive holdings. Over time, strategic selloffs have netted the investor $27.5 million in realized profits, while still retaining a sizable 1.88 trillion PEPE—currently valued at $45.66 million. This translates to a staggering 24,656x return on the original investment.
The timing has been impeccable. The trader’s most recent sale occurred just before PEPE’s price dipped amid broader market volatility. Meanwhile, other whales have also been active. Notably, a single whale moved $13.8 million in DAI to acquire 555 billion PEPE tokens, reflecting ongoing confidence in the asset’s long-term potential despite short-term corrections.
This incredible success story is the latest among several notable instances of traders striking gold with meme coins. It underscores both the potential and the risk in a rapidly evolving crypto landscape, where timing and strategy can make all the difference.
