Trader earns $ 73 million on PEPE meme coin

Editor’s note: not investment advice!

On Monday, December 9, the Pepe meme token PEPE $0.0000003359 Based Pepe -7.93% Market capitalization $0.14 billion VOL. 24 hours $0.39 billion reached a new all-time high, breaking the $ 0.28 mark. Lookonchain analysts reported a trader who earned $ 73 million on this token.

Thus, on April 15, 2023, the investor invested $ 3000 in the purchase of 4.91 trillion PEPE. Over time, he sold assets in parts, exchanging a total of 3.03 trillion tokens for $ 27.5 million. In the last transaction, 100 billion PEPE brought him $ 2.8 million. The trader’s wallet is now holding 1.88 trillion PEPE worth $ 45.66 million, bringing his total profit to $ 73 million and the return on investment to an impressive x24,656.

At the time of writing, PEPE’s price reached $ 0.2 353, its market capitalization is $ 9.89 billion,
and daily sales reached $ 11.57 billion.

Commenting on the situation, one of the users emphasized that stories of multimillion-dollar earnings on meme tokens are often accompanied by thousands of cases of financial losses.

The No Worries editorial team strongly advises readers not to invest their own money in dubious crypto projects and little-known digital assets!