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Meme Coin Trader Turned 3 Thousand Dollars Into 77 Million Dollars With This Coin!

Meme Coin Traderı Bu Coin’le 3 Bin Doları 77 Milyon Dolara Çevirdi!
Meme Coin Traderı Bu Coin’le 3 Bin Doları 77 Milyon Dolara Çevirdi!
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Cryptocurrencies are restructuring transaction mechanisms. They also serve as a new store of value. Thus, they have the potential to significantly transform global financial systems. It should be noted that the primary drivers in this new area are still speculative investments. However, some traders are turning pennies into generational wealth, especially with meme coin investments. One of them turned $3,000 into a fortune with a popular token.

Meme coin trader made a fortune with PEPE!

As you follow from Kriptokoin.com, the crypto market is consolidating after a strong rally. The recent rally in the market made some traders smile. In mid-April 2023, a trader bought 4.91 trillion Pepe (PEPE). In this move, he traded various other coins and tokens worth a total of $3,000 at the time for his stake in the meme coin. At the time of writing, PEPE was trading at $0.00002513. Therefore, it has risen a staggering 8.276% from the $0.00000030 it was trading at when the trader bought it.

PEPE price 1-year chart. Source: CoinMarketCap

Meanwhile, meme coins like PEPE are not famous for their stability. However, this trader managed to cash out his first bet stably. Thus, he locked in millions of dollars worth of profits. He’s also on track to realise millions more. So how did he achieve this?

His long-term PEPE bet is paying off!

On 25 April 2023, the trader exchanged 2,256 Liquidity Incentive Tokens (LIT) worth $20,000 at the time for 3,407,945,165,404 PEPE. Less than half an hour later, it sold 210 Ethereum (ETH), which was worth $0.1 at the time, for an additional 457,332,932,276 PEPE. Fifteen minutes later, he exchanged 499 USD Coin (USDC) worth $500 for 1,048,914,082,342 PEPE. According to Etherscan data, a total of $2,965 was spent to acquire approximately 4.91 trillion PEPE units. Since then, the trader has been continuously selling his stake. In the process, the meme coin trader sold about 3.03 trillion PEPE for a profit of $ 27.5 million.

Meme coin
The first purchases of PEPE. Source: Etherscan

Now, on 9 December, he sold another 2.8 billion PEPE, which was worth about $100 million at the time. This brought the trader’s gains to about $30.3 million. There are still another 1.88 trillion PEPEs at the address. This brings the value of the remaining stake to approximately $47,414,400. If these shares could somehow be cashed out in one go at these prices, the total profit of the investor would reach $ 77.7 million.

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Meme Coin Trader Turned 3 Thousand Dollars Into 77 Million Dollars With This Coin!
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