The crypto market’s volatility has demonstrated its potential to generate life-changing wealth quickly.
According to recent data from Lookonchain, a blockchain analytics platform, a crypto trader has turned a $3,000 investment into a staggering $73 million profit, boasting an incredible 24,656x return in a year and 8 months.
Turning $3K into $73M, a 24,656x return, what a legend!
Before the market plummeted, $PEPE broke through $0.000028, setting a new #ATH!
This legendary trader sold another 100B $PEPE($2.8M) for profit.
This trader invested ~$3K to buy 4.91T $PEPE on Apr 15, 2023.
Over time, he… pic.twitter.com/Z46fT8dbiY
— Lookonchain (@lookonchain) December 10, 2024
Over $72 Million Profit in Less Than 24 Months
The trader’s winning strategy involved buying 4.91 trillion PEPE tokens on April 15, 2023. As the market surged, the trader made a partial exit, selling a portion of their PEPE holdings, cashing out 3.03 trillion PEPE tokens for a whopping $27.5 million.
But the trader didn’t stop there. Before the market plummeted, PEPE tokens broke through a new all-time high (ATH) of $0.000028. Seizing the opportunity, the investor sold an additional 100 billion PEPE tokens, worth $2.8 million, boosting their profit margins even higher.
The trader’s wallet currently holds 1.88 trillion PEPE tokens, valued at $45.66 million. Combined with their previous sell-offs, the investor’s total profit is an astonishing $73 million.
PEPE Traders Hit Jackpot
Launched in April 2023, the PEPE token is a meme coin that has gained significant attention and popularity within the crypto community, particularly on social media platforms, due to its strong and active community of supporters.
The rapid fluctuations in the token’s value and trading volume have made it popular among traders and investors looking for potential opportunities. On numerous occasions, the PEPE token has delivered impressive returns for traders who have accurately predicted market trends and executed their trades at the optimal moment.
In May, a crypto trader, known as ‘smart money,’ made a notable purchase of 142.96 billion PEPE tokens for $1.26 million at a unit price of $0.000008831.
The trader’s strategic approach yielded impressive results in six months, with six out of seven PEPE trades proving profitable, a remarkable win rate of 85.7%, and total profits of $915,000 at the time of the incident.
Another PEPE trader also made a staggering $46 million profit, a 15,718x return on investment, after purchasing 4.9 trillion PEPE tokens with an initial $3,000 investment on April 15, 2023.
