Bittime - The story of crypto investors who made a lot from small investments to millions of dollars has always attracted attention. However, one PEPE investor has gone so far as to make large profits from relatively small investments.
Within a year, a crypto trader managed to turn an investment of $3,000 (Rp45 million) into $46.3 million (Rp694 billion). How do they do it?
Starting with a $3,000 Investment in PEPE
According to a post on social media platform X (formerly Twitter) by Lookonchain, an on-chain data monitoring platform, the trader purchased $3,000 worth of PEPE tokens on April 15, 2023, just as the coin was launched. In return, the trader received 4.9 trillion PEPE tokens.
In the same year, PEPE experienced a phenomenal price surge, increasing from a market capitalization of less than $1 million to over $1 billion after getting listed by major crypto exchanges such as Binance.
At that time, the value of this trader's PEPE token ownership has increased to more than $10 million (Rp150 billion). However, this trader chose to keep hold of most of his tokens and only sold a small part of it.
Check the Crypto Market Today:
PEPE Transcends New ATH
In May 2024, the price of PEPE reached several new all-time highs. This week, the price of this meme coin rose above $0.00001 and reached a market capitalization of $4.5 billion (Rp67.5 trillion). This price increase pushed the value of the trader's ownership to more than $40 million (Rp600 billion).
Once the price reaches a new high, this trader starts taking some of the profits. Based on data from Lookonchain, the investor recently sold 255 billion PEPE tokens for a total of $2.3 million (Rp34.5 billion). So far, this trader has sold around 1.4 trillion tokens, leaving a balance of 3.5 trillion tokens that is currently worth around $38.9 million (Rp583.5 billion).
Overall, these investors have experienced an increase in investment value of 15,718 times or ROI of 1,571,800%. The total profit, both realized and unrealized, from this trade now stands at $46.3 million (Rp694 billion).
How to Buy Crypto:
Not an "Insider"
Given that the timing of this investor's purchase of PEPE tokens was right at the time of its launch, some doubted whether this investor was an 'insider', or a member of the team behind this meme coin. However, there are also those who focus on the courage of these investors to keep holding their tokens to date. One X user argued that the reason these investors were able to achieve such huge profits was because they didn't sell their tokens too early.
"Everyone directly accused 'insiders'. He took out $3,000 and held it like a king with diamond hands. Here's how you become an 'insider'. You want to get this kind of benefit? Don't be a panic seller," user X wrote.
Conclusion
Right now, this investor still seems to be holding onto most of his coins to wait for a better price. Given the bull market that is expected to continue this year, it is possible that the price of PEPE will continue to rise and reach new highs, which means greater profits for these savvy investors.
Check Crypto Price Today:
How to Buy Pepecoin (PEPE) on Bittime
You can buy and sell Pepecoin (PEPE) in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.
Pepecoin (PEPE) is available on Bittime with the market pair PEPE/IDR. To be able to buy PEPE IDR on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is IDR 10,000. After that, then you can make a crypto asset purchase in the application.
Learn the complete guide on how to buy Pepecoin (PEPE) on Bittime.
Monitor the price chart movements of Pepecoin (PEPE), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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Palapa Token (PLPA) Airdrop: Guide on How to Get Free PLPA Crypto!
DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.
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