Trader Turns $3,000 Investment Into $73,000,000 With Frog-Themed Memecoin PEPE: Lookonchain
Blockchain tracking firm Lookonchain says one savvy crypto trader gained a 2,433,233% profit on a Dogecoin (DOGE) and Shiba Inu (SHIB) rival.
According to Lookonchain, one anonymous trader turned $3,000 into a whopping $73,000,000 in just 20 months by purchasing memecoin Pepe (PEPE).
“Turning $3,000 into $73 million, a 24,656x return, what a legend! Before the market plummeted, PEPE broke through $0.000028, setting a new all-time high! This legendary trader sold another 100B PEPE ($2.8 million) for profit.
This trader invested ~$3,000 to buy 4.91 trillion PEPE on April 15th, 2023. Over time, he steadily sold PEPE, cashing out 3.03 trillion PEPE for $27.5 million. He still holds 1.88 trillion PEPE ($45.66 million), bringing his total profit to an incredible $73 million!”
PEPE is trading for $0.00002317 at time of writing, down 15.8% in the last 24 hours.
Lookonchain also recently noticed another crypto trader who gained a massive 38,399x return on a new memecoin, Just a Chill Guy (CHILLGUY). The Solana (SOL)-based digital asset, inspired by a popular cartoon, has recently been one of the most viral memecoins.
“Turned $160 into $6.14 million, a 38,399x return! This trader spent only 0.75 SOL ($160) to buy 12.5 million CHILLGUY on http://Pump.fun, and then sold 2.8 million CHILLGUY for 149 SOL ($35,400). The trader still holds 9.62 million CHILLGUY ($6.1 million), with a total profit of $6.14 million!”
CHILLGUY is trading for $0.30 at time of writing, down 21.1% in the last 24 hours.
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The post Trader Turns $3,000 Investment Into $73,000,000 With Frog-Themed Memecoin PEPE: Lookonchain appeared first on The Daily Hodl.
