How This Early PEPE Buyer Turned $260 Into Almost $8 Million Amid Meme Coin Frenzy

How This Early PEPE Buyer Turned $260 Into Almost $8 Million Amid Meme Coin Frenzy
фото показано с : zycrypto.com

2023-5-7 16:00

Is meme coin season really back?

Pepe (PEPE), the token which sprouted out of the “Pepe the Frog” meme and went live a little over two weeks ago, has already minted many millionaires overnight.

One early PEPE buyer swapped 0.125 ETH worth $260 for 5.9 trillion PEPE tokens last month. Those tokens are currently worth nearly $8 million, according to blockchain analytics firm Arkham.

PEPE Millionaire

Meme coins have enjoyed somewhat of a renaissance in recent weeks. PEPE has seen particularly high interest as investors flock to the frog-themed token, hoping to repeat the success of rival dog-themed meme coins Dogecoin (DOGE) and Shiba Inu (INU).

The newly-launched PEPE received a massive boost yesterday after the world’s largest crypto exchange, Binance, listed the token in the platform’s so-called innovation zone. PEPE soared another 124% over the past day, pushing the frog-inspired token’s market cap above the $1 billion mark. One PEPE is currently worth $0.000003 per CoinGecko. With an impressive market value of over $1 billion, PEPE is now the 40th largest cryptocurrency.

Arkham recalls that buyer dimethyltryptamine.eth, who remains anonymous, scooped up $260 worth of PEPE last month, and his stockpile has now ballooned to almost $8 million. However, this PEPE holder could encounter problems trying to realize that profit due to liquidity concerns around the meme coin.

What is PEPE?

Pepe creators branded it “the most memeable memecoin in existence.” The token has a circulating supply of 420 trillion, a reference to “4/20,” a popular cannabis culture slang.

Traders have a knack for jumping on the meme coin craze, mainly after the meteoric rise of tokens such as dogecoin and Shiba inu — which rocketed to tens of billions in market capitalization during the previous bull market.

Pepe appears to have taken the crown as traders’ favourite meme coin. Earlier this week, trading volume for PEPE surpassed that for both DOGE and SHIB.

While PEPE’s huge rally has turned some early investors into millionaires — on paper, at least — dimethyltryptamine.eth has yet to sell his tokens, underscoring a popular trend of long-term holding strategies among crypto investors.

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pepe meme little went frog two live

Источник: zycrypto.com

pepe meme → Результатов: 48


Фото:

Meme Coin Price Predictions – What’s Next for Dogecoin, Shiba Inu, and Pepe Based on On-Chain Metrics

Meme coins has been on the “up and down” ride this bull run. After huge pumps in March, most of them failed to make their holders happy throughout the year. Three of these tokens, Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) have the largest market caps amongst the top 100 meme coins and investors […] The post Meme Coin Price Predictions – What’s Next for Dogecoin, Shiba Inu, and Pepe Based on On-Chain Metrics appeared first on CaptainAltcoin.

2024-9-12 18:00


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Dog vs Frog Meme Coin Wars: DOGE, SHIB, and PEPE Rally, New ICO Pepe Unchained Smashes $4M Goal – The Next Pepe Coin?

Meme coin market rallies, with Shiba Inu, Dogecoin, and Pepe leading the surge, while new ICO Pepe Unchained gains traction with a successful presale. The meme coin market has experienced a notable uptick, with The Block’s GMCI Meme Index showing nearly a 10% increase in the past 24 hours. This surge has been driven by […]

2024-7-23 16:06


Фото:

A Bitcoin Satellite Just Transmitted the ‘First Pepe In Space’

Cryptocurrency industry figures were celebrating a tech innovation of a different kind this week after the Bitcoin network transmitted what many are calling the first space meme. A Meme To ‘Go Down In History’ The latest first to come from Bitcoin development company Blockstream’s Satellite network, an unknown source sent the developer known as grubles an encrypted Pepe meme via the Lightning Network-powered setup.

2019-3-1 12:00


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