Tales
of
crypto
investors
turning
a
few
dollars
into
millions
are
not
new,
but
one
particular

PEPE
investor
has
taken
this
a
step
further.
This
crypto
trader
was
able
to
turn
a
$3,000
investment
into
$46.3
million
in
the
space
of
a
year.
Here’s
how
they
did
it.

$3,000
In
PEPE
Turns
Into
$46.3
Million

In
a

post
on
X
(formerly
Twitter),
the
on-chain
data
tracking
platform
Lookonchain
revealed
exactly
how
this
crypto
trader
turned
the
$3,000
investment
into
tens
of
millions
of
dollars.
According
to
the
tracker,
the
trader
had
bought
$3,000
worth
of

 

PEPE
tokens
on
April
15,
2023,
which
is
when
the
coin
launched.
The
trader
received
a
total
of
4.9
trillion
tokens
in
return.

The
same
year,
PEPE
would
go
on
a
legendary
rally,
going
from
under
a
$1
million
market
cap
to
over
$1
billion
after
securing
listings
from
major
crypto
exchanges
such
as
Binance.
At
this
time,
the
investor’s
stash
had
risen
to
more
than
$10
million.
However,
the
crypto
trader
would
continue
to
hold
their
stash
and
only
sell
a
small
portion
of
it.

Fast
forward
to
May
2024
and
the

PEPE
price
has
hit
multiple
new
all-time
highs.
The
latest
happened
this
week
when

the
meme
coin’s
price
rose
above
$0.00001
to
cross
a
$4.5
billion
market
cap.
This
move
catapulted
the
trader’s
holdings
to
over
$40
million.

Following
the
price
reaching
a
new
all-time
high,
the
crypto
trader
has
begun
to
take
some
profit.
As
Lookonchain’s
post
shows,
the
investor
recently
sold
255
billion
tokens
for
a
total
of
$2.3
million.
So
far,
the
trader
has
sold
around
1.4
trillion
tokens,
leaving
them
with
a
balance
of
3.5
trillion
tokens,
which
is
currently
worth
a
whopping
$38.9
million.

 

In
total,
this
investor
has
seen
a
15,718x
return
or
a
157,718%
ROI.
Their
total
realized
and
unrealized
profit
from
this
single
trade
now
sits
at
$46.3
million
at
the
time
of
writing.

Is
This
Crypto
Investor
An
Insider?

Given
the
timing
of
the
crypto
investor’s
buys
into
PEPE
when
it
just
launched,
it
has
raised
questions
of
whether
this
particular
investor
is
an
‘insider’.
In
other
words,
some
have
wondered
if
this
is
one
of
the
team
members
behind

the
meme
coin.

However,
others
have
focused
on
the
sheer
grit
that
it
has
taken
the
investor
to
hold
their

tokens
to
this
point.
One
X
(formerly
Twitter)
user
points
out
the
fact
that
the
reason
the
investor
was
able
to
make
such
returns
was
the
fact
that
they
were
able
to
hold,
and
did
not
sell
early.

Everyone
claims
‘insider’
immediately.

Bitches,
he
spent
3k,
and
held
like
a
diamond
handed
king.
This
is
how
you
become
an
‘insider’

You
want
these
kind
of
gains?
You
want
the
‘inside
tip’

Don’t
be
paper
handed
jeets.

https://t.co/q6R3ksaRdT

—
Naka
(@Nakameowdough)

May
15,
2024

For
now,
the
investor
seems
to
be
holding
the
majority
of
their
coins
to
wait
for
better
prices.
Given
that
the
bull
market
is
expected
to
continue
to
unfold
this
year,
it
is
possible
that
the

 

PEPE
price
will
continue
to
rally
and
reach
new
all-time
highs,
which
would
mean
higher
gains
for
this
smart
investor.

Go to Source
Author: Best Owie

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