Here’s How This $PEPE Trader Turned $3K Into $73M

A cryptocurrency trader has turned a modest $3,000 investment into over $73 million, achieving a 24,656x return. According to blockchain analytics firm Lookonchain, the milestone coincided with PEPE, the frog-inspired memecoin, reaching a new all-time high (ATH) of $0.000028 before retreating amid a broader market decline.

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

Trader Capitalizes on PEPE’s Growth

The trader acquired 4.91 trillion PEPE tokens on April 15, 2023, during the early stages of the token’s rise. Over time, they strategically sold 3.03 trillion PEPE, securing $27.5 million in profits. Recently, they sold another 100 billion PEPE tokens for $2.8 million, capitalizing further on the token’s explosive growth.

Despite these transactions, the trader retains 1.88 trillion PEPE tokens, bringing their total profit to $73 million and reflecting notable gains in cryptocurrency trading.

121B PEPE Stun Binance

In a separate transaction that has drawn widespread attention, another trader transferred 121.75 billion PEPE tokens, worth approximately $3.22 million, to Binance, the world’s largest cryptocurrency exchange. On-chain analytics platform SpotOnChain reported that the sale yielded a $2.13 million profit, reflecting a 197% return in just 2.5 months.

Notably, this isn’t the trader’s first success with PEPE. In May 2023, using a different wallet, they reportedly secured a $1.23 million profit—a 75.5% increase—further showcasing their trading acumen.

PEPE Holds Upward Momentum

PEPE has maintained upward momentum despite recent market fluctuations. According to CoinMarketCap, the token gained 2.72% in the last 24 hours to reach $0.00002516, marking a 24% increase over the week. Its market capitalization has surpassed $11 billion, briefly overtaking prominent cryptocurrencies like Uniswap (UNI) and Litecoin (LTC). This represents an 18x rise from $591 million earlier this year.

Since its 2023 launch, PEPE has climbed into the top 20 cryptocurrencies, rivaling established players like Dogecoin (DOGE) and Shiba Inu (SHIB). Following its December 5 listing on Binance.US, analysts predict further gains, with a potential market cap of $15 billion to $20 billion by the end of the current cycle.