Crypto trading has turned out to be a profitable opportunity for some, but at the same time, it can turn disappointing for others. Due to high volatility and hundreds of factors affecting the market, including macroeconomic events like the US election, it is quite unpredictable. One such event brought the crypto market rally with Donald Trump’s win in the election. With such events, the PEPE token has brought enormous gains for its holders, including one crypto investor, which turned $70M to $7M within two years.
Here’s How Crypto Trader Turned $70 Into $7M
In an impressive crypto trading experience, a crypto investor turned his 0.035 Ethereum into millions of dollars after investing in a PEPE token. The Frog-themed token has been leading the popular meme coins list for years. However, the demand grew even higher in 2024, when it formed multiple ATH peaks, making heavy profits for its holders. It includes this one investor who spent 0.035 ETH ($70.4) to buy 2.61T PEPE worth $58.7M today.
An early buyer who spent only 0.035 $ETH($70.4) to buy 2.61T $PEPE($57.3M currently) deposited the remaining 189.4B $PEPE($4.15M) to #Kraken 50 minutes ago.
Even though he sold most of his $PEPE early on, he turned $70.4 into $7.06M—a return of over 100,000x.… pic.twitter.com/VfzBTY0LcO
— Lookonchain (@lookonchain) December 5, 2024
However, he sold a portion of these from time to time and managed to turn these $70.4 into $7.06M. The crypto investor’s most recent transaction was the deposition of 189.4B PEPE($4.15M) on Kraken on December 5, 2024.
Regardless, this person has made a 100,000x return over this $70, surprising the crypto trading community.
Similar Crypto Trading Experience In PEPE Token
PEPE is the 23rd biggest cryptocurrency in the market thanks to its market capitalization of $9.42B. In the last 12 months alone, its price has increased 1424%, creating the ATH of $0.00002524 just 24 days ago. However, it has moved 11% away from that currently trading at $0.0000224 with a trading volume of $3.12B. It clearly indicates the high demand for the token. Interestingly, such a profitable investor’s experience is growing its demand further. A memecoin investor turned $26 into $61.5M is another prime example of successful crypto trading in PEPE tokens.
Interestingly, in the last few days alone, Lookonchain has revealed two more crypto investors with high returns. One invested $241.5K and turned that into $7.53M after holding his token for a year. Another trader made $1.31M in profits after selling his 240B PEPE token.
A whale bought 240B $PEPE($3.64M) at a high price on May 29, and the price of $PEPE dropped afterward.
But instead of panic selling, he held on for 6 months.
Just 30 minutes ago, he sold his 240B $PEPE($4.95M), making a profit of $1.31M!https://t.co/PBnbhDLhjf pic.twitter.com/MPyfSkYMWs
— Lookonchain (@lookonchain) December 4, 2024
Interestingly, there are many similar cases in this and various other meme coins, as 2024 has witnessed heavy returns from this category.
What’s In There For You?
Meme coins have become the biggest attraction for the crypto trading industry in 2024. However, some memecoins scams are also equally repelling the new crypto investors, including this Hawk Tuah Girl memecoin controversy, where the Hawk coin pumped and crashed within a few hours, concerning the community over the possibility of a rug pull scam. That is why, investing in any cryptocurrencies, including PEPE tokens, requires intense research and strategies to stay profitable, like this crypto investor who turned $70 into $7M over two years.
The post From $70 to $7M: The Incredible PEPE Token Journey of a Crypto Investor appeared first on CoinGape.