Investor $PEPE , who bought from the bottom, sold at a profit of 886 percent.
One of the coins that gained the most value in the 2024 cryptocurrency surges, PEPE continues to generate big profits for its bottom-buying investors. The whale, which made a large $200k investment in meme token in October last year, sold off after yesterday's declines. The whale's earnings also exceeded $1.7 million.
While 2024 remained a “year of meme coins” in terms of cryptocurrency rise, one of the tokens that rose the most was PEPE. The PEPE, which has risen more than 10 times from last year's lows (ATH level), and a whale that received it in October 2023, has obtained its million-dollar profit today.
Bold purchase of 200 thousand dollars.
The whale account made a purchase for 200 thousand dollars on October 26 of last year. At that time, attention was drawn to the rise of BONK, which was a meme coin based on Solana. After BONK ignited the meme coin fever, one of the meme coins that gradually increased was PEPE.
This investor, on the other hand, had not sold PEPE for months despite all the increases. However, the whale account sold off at midday today after yesterday's declines.
The investor, who sold all the PEPE coins he had, made $1.9 million. The profit rate was 886%.
PEPE, which has fallen more than 10 percent in the last 24 hours, is trading at $0.000011 in the minutes in which the news is published. The meme coin broke the all-time record at $0.000017 in May.