1,503x Profit: How A Memecoin Trader Made $13 Million With PEPE

A strategic trader has made the most of his money after making over 1,000x profit with PEPE.  Despite the recent frog-themed token slump, the memecoin investor gained millions. Similarly, whales have continued accumulating PEPE while it resumes its upward trajectory. Related Reading: Solana Meme Coin Massacre: 12 Projects Gone In 30 Days, $27 Million Vanished Memecoin Trader Makes Millions According to Lookonchain data, a memecoin trader named James Wynn multiplied its PEPE investment by 1,503. Wynn bought the token in its earlier stages, acquiring 2.83 trillion PEPE for $8,524. When the token started gaining momentum, he sold over half his holdings, 1.81 trillion tokens, for $4.57 million. jwynn.eth(@JamesWynnReal) – A smart trader who made $12.8M(1,503x) on $PEPE. He also traded $BOBO and $ANDY recently, making another $818K! 1/ Lets dig into his trades. pic.twitter.com/2vOkjObVPr — Lookonchain (@lookonchain) April 24, 2024 After the frog-themed memecoin became a market sensation, the traders unrealized profits on his remaining bag exponentially increased. Currently, Wynn holds 1.02 trillion PEPE in three wallets worth $8.25 million. The traders total profits from PEPE total $12.8 million. However, if he had held onto his tokens, the gains would have exceeded $20 million. Per the blockchain research platform, Wynns feat doesnt end with PEPE. He has also made over $800,000 trading other memecoins over the week. He recently bought five tokens, two of which remain profitable: BOBO and ANDY. At the time of the report, the trader bought over 273.62 billion BOBO for $138.263, making a profit of $430,000. Similarly, he acquired 4.711 billion ANDY for $115.493, gaining over $338,000. Nonetheless, not all of Wynns trades resulted in success. According to the X post, the trader has a 45% success rate, gaining over $13.7 million with nine memecoins and losing around $350,000 on eleven tokens, including some rug pulls. Breakdown of the 20 tokens traded by Wynn. Source: Lookonchain Whales Go On PEPE Buying Spree As reported by NewsBTC, recent data showed that PEPEs price decline over the last month has reduced the number of addresses carrying gains. However, this has not stopped whales from accumulating the token. This week, a whale accumulated 211.6 billion PEPE from Binance, Gateio, and Uniswap. The address bought the tokens at an average of $0.000007291, spending $1.54 million. The buying spree turned profitable as, some hours later, the tokens price increased by 17%. According to Spot On Chain, the holdings worth surged to $1.72 million, making $173,000 in unrealized profits. Other reports suggest that whales have continued accumulating and taking profits from their PEPE holdings. However, the tokens market activity decreased by 22.1% in the last 24 hours, with a $1.2 billion daily trading volume. PEPEs market capitalization has also dropped 1.58%. Despite this, the token has regained its spot as the third largest memecoin by this metric, as dogwifhat (WIF) lost 13.88% of its market cap on the last day. Its worth noting that WIF flipped PEPE on March 28 after becoming the newest sensation in the crypto market. As of this writing, PEPE is changing hands for $0.000007821, representing an 11.4% drop in the monthly timeframe. Nonetheless, the token continues recovering, registering a 52.2% surge in the last seven days. Related Reading: FLOKI And BONK Drop 5% After Revolut Listing Announcement PEPE's recovery in the seven-day chart. Source: PEPEUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com

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PEPE Whale Makes $8.13M In Profit As Bullish Rally Continues

Pepe coin (PEPE) has been showing an incredible performance alongside the rest of the crypto market. This weekend, the two biggest cryptocurrencies, Bitcoin and Ether, displayed remarkable price growth. BTC keeps reaching new all-time highs (ATH), and ETH surpassed the $4,000 mark for the first time in two years. Similarly, PEPE joined the party after [...]

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PEPE Whales Load Up Their Bags As Memecoin Jumps 13%

Data shows the PEPE whales have been buying the meme coin as its price has observed a sharp 13% rally during the past 24 hours. PEPE Whales Have Bought 1.56 Trillion Tokens During The Last Day After consolidating straight for more than a month, the meme coin based on the popular internet frog avatar finally [...]

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PEPE Whale Makes Big Moves With 1.97T Deposit To Exchange And SHIB Transaction

Recently, a PEPE whale made a series of moves that resulted in over $3 million in realized profits after the token’s recent price surge. The whale then took a new position and showed potential gains. Related Reading: Who Let The DOGE Out? Dog-Themed Coins Soar By 12%, WIF And FLOKI Lead The Way Whale’s Big Moves Bring Big Money As reported by Lookonchain, a blockchain analytics platform, a whale made a big move yesterday after depositing almost 2 trillion PEPE tokens to one of the largest crypto exchanges in the world. This whales shopping spree started June 7, 2023, when Pepe Coin traded at $0.000001054. The address accumulated 1.97 trillion Pepe tokens from June until December last year. Just over two months after the 6-month buying spree, the whale deposited the entirety of its PEPE holdings, worth around $6.07 million, to Binance. According to the blockchain analytics platform, the whale made over $3.49 million in profit in just a few hours. A smart whale deposited all 1.97T $PEPE($6.07M) to #Binance and made a profit of $3.49M. Then he changed his position from $PEPE to $SHIB, withdrawing 75.9B $SHIB($893K) from #Binance 3 hours ago.https://t.co/X67O2VjR1y pic.twitter.com/nL7rRDZCXT — Lookonchain (@lookonchain) February 29, 2024 The whale changed its position and bought 75.9 billion SHIB tokens just a few hours later. Suggesting that the investor saw potential in Shiba Inus future price performance. Whales tend to hold massive influence over the market as any movement of their large holdings could swing the markets sentiment over a cryptocurrency. Typically, when a whale withdraws its holdings from an exchange, investors interpret it as a sign of long-term confidence in that cryptocurrency. On the contrary, when a whale sells large amounts of a coin, investors might take this as a lack of confidence in the token. At the time of the report, the whales massive acquisition of SHIB was worth around $893,000. However, as of this writing, the tokens are worth over $1 million, according to Etherscans value. This showcases that the investment in SHIB increased its value by over $100,000 in less than 12 hours. PEPE And SHIB Performance The whales new investment, Shiba Inu, the 19th largest cryptocurrency and the second largest memecoin by market cap, has shown incredible performance in the last 24 hours. During the last day, SHIBs price skyrocketed 25.5% and currently trades at $0.00001388. Additionally, the tokens market activity has increased by 127.50%, with a trading volume of over $2.65 billion in the last 24 hours. On the other hand, PEPE was making headlines yesterday due to its impressive 140% price jump from the previous week. The frog-themed memecoin seems to be in the middle of a price resurgence fueled by the market dynamics and its social media popularity. However, PEPE trades at $0.000002891 at writing time, representing a 12% decrease in the last 24 hours. Compared to the tokens yesterday performance in the same time frame, a 59.47% increase from the day prior, PEPE seems to be facing a momentary slowdown. Similarly, PEPEs trading volume and market cap decreased by 22.47% and 11.96% on the last day. These metrics hint at a reduction in recent market activity for the cryptocurrency. However, its performance in longer timeframes, especially the 7-day 142% price surge, suggests that the memecoin is still outperforming the global cryptocurrency market, according to CoinGecko. Related Reading: Here Are The Factors Driving The Shiba Inu Recovery Above $0.00001 PEPE is trading at $0.0000028766 in the hourly chart. Source: PEPEUSDT on TradingView.com Featured image from Unsplash.com, Chart from TradingView.com

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PEPE Sees Sharp 17% Surge, But Will This Whale Spoil The Party?

On-chain data shows a PEPE whale has made a large deposit to Binance, something that could provide an impedance to the meme coin’s rally. PEPE Whale Has Deposited $7.2 Million To Binance According to data from the cryptocurrency transaction tracker service Whale Alert, a massive PEPE transfer has occurred on the Ethereum blockchain during the [...]

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PEPE Whales Increased Their Holdings By $1.4 Billion Yesterday Details

PEPE has made headlines again, reaching a new all-time high of $0.000027 just a few hours ago. This milestone comes amid heightened market volatility, with the token showing massive gains as it outpaces many other assets in the crypto space. PEPEs explosive price action attracts significant attention as retail and institutional investors flock to capitalize on the momentum. Related Reading: Dogecoin Sees Quiet Breakout As Data Signals Rally Continuation Recent metrics from IntoTheBlock reveal a striking trend: whales increased their PEPE holdings by a staggering $1.4 billion yesterday. This sharp accumulation by large holders suggests that smart money positions itself for an extended rally, signaling confidence in the token’s potential for further gains. As PEPE continues to soar, the market is closely monitoring its ability to maintain momentum in the face of growing interest and volatility. The influx of whale activity often signals a pivotal shift in market dynamics, which could begin a new phase for the meme coin. Smart Money Signals Upside Pepe (PEPE) has been on a remarkable ascent, consistently setting new all-time highs and showing no signs of slowing down. The meme coin has captured the markets attention with its recent surge, positioning itself as one of the top-performing assets in the crypto space. After reaching $0.000027, PEPE appears ready to extend its rally, with on-chain activity supporting the bullish narrative. Data from IntoTheBlock, shared by crypto analyst Ali Martinez, highlights a key development driving PEPEs momentum: whales increased their holdings by an astounding $1.4 billion yesterday. This significant accumulation underscores the growing interest of large holders, often considered “smart money” in the market. These entities can drive prices higher through substantial buying pressure, and their activity is often a precursor to explosive market moves. The broader crypto market is also trending upward, providing a supportive environment for PEPEs continued growth. As whales position themselves for further gains, the meme coin’s trajectory over the next few weeks is expected to be fascinating to watch. Related Reading: XRP Price Forecast Analyst Sets $4 Target After Potential Retrace If current trends persist, PEPE could experience more substantial price increases, fueled by retail enthusiasm and institutional accumulation. However, market participants should remain cautious of potential volatility as the coin navigates its path to sustained highs. PEPE Enters Price Discovery Pepe (PEPE) has reached a new all-time high at $0.0000275, solidifying its place as one of the most resilient performers in the current market. The price is now retesting previous highs as support, a crucial step for bulls to maintain momentum. This level is pivotal, as it could either confirm a continuation of the uptrend or signal a potential reversal. Despite this achievement, PEPE faces uncertainty due to broader market conditions. Bitcoin and the entire crypto market are experiencing heightened volatility, adding an unpredictable element to PEPEs price action. For PEPE to sustain its rally, it must hold firmly above the $0.000023 support level over the coming days. Successfully doing so would likely pave the way for a breakout into price discovery, with the potential for even higher highs. Related Reading: Dogecoin About To Enter Phase Of Explosive Growth Charts Reveal Massive Breakout On the other hand, failure to maintain this critical support could result in a retrace, leading to a broader correction. This scenario would test investor sentiment and could slow the meme coins remarkable ascent. Featured image from Dall-E, chart from TradingView

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PEPE Coin Whales Make Major Buys as Price Surge Speculation Grows

Whales accumulate over 400B PEPE worth $8.72M amid market dips, fueling speculation of a potential price rally despite recent declines.

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