As the crypto trading market soared with Donald Trump’s victory in the US elections, many passive accounts moved to benefit from the market reversal. A PEPE owner among these investors made a significant profit by turning $27 into $52 million thanks to his investment in PEPE tokens. What is interesting is that this investor has been holding trillions of tokens for two years, not just for a short period of time.
Dormant PEPE Whale Generated 1,900,000 Times Return with PEPE Token
According to the Lookonchain post, the crypto whale remained inactive for 600 days before becoming active in the crypto trading market. At that time, he purchased 2.1 trillion PEPE by spending 0.0135 ETH, about $27, at low prices. However, this year, thanks to the rising performance of the token, the same investment turned into 52 million dollars and provided an extraordinary return to the investor.
A PEPE whale that was inactive for 600 days transferred all 2.1 trillion PEPE to a new wallet with $52 Million.
This whale initially purchased 2.1 trillion PEPE by spending just 0.0135 ETH ($27) and has kept it so far.
From $27 to 52 million – an extraordinary return!
– lookonchain
Dormant PEPE whale still holds all these tokens but transferred them to a new wallet. This investor earned a 1,900,000x return by holding the tokens for two years. Interestingly, this is not the only crypto trader benefiting from the PEPE token. Similarly, another investor turned $70 into $7 million by holding tokens for two years.
This shows that popular meme coins are setting the standard for high returns. However, these meme-themed cryptocurrencies carry volatility risk, which necessitates proper crypto trading strategies.
Does PEPE Have the Potential to Reach $1?
As more crypto users become millionaires with such meme coins, investors are wondering whether PEPE will reach the $1 level. PEPE has had one of the top performers this year, gaining 1606% over the year and recently reaching an ATH of $0.00002825. It is currently trading at $0.00002397, with a market cap of $10.08 billion. However, for PEPE to reach $1, its value must increase by 4.13 million%, which is almost impossible unless there is a major bull market.
Even if it doesn’t reach $1, the token’s rally could continue because it has been moving in a large cup or handle formation for months.
What Should We Understand From This PEPE Whale Story?
In the crypto market, investors need appropriate trading strategies to deal with market volatility, changing trends and more. This dormant PEPE whale likewise followed simple yet effective trading strategies such as identifying potential tokens, buying them at a low price, and holding them for a long time. These three steps led this trader to make millions of dollars in profits in PEPE tokens; He set an example for the community by turning his $27 investment into $52 million in 600 days.
While this story shows that meme coins can provide potential huge gains, it also serves as a reminder that investors should be wary of the high volatility of such cryptocurrencies.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
