PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now

2024-5-21 18:49

Positive news surrounding a potential Ethereum ETF approval hit the crypto market at the start of this week. This frenzy has caused many Ethereum-based meme coins like PEPE to see significant price pumps.

The PEPE price has once again broken its all-time high price after doing so just last week. According to reports from LookOnChan, one incredibly fortunate investor turned just $83 worth of Ethereum into $79.4 million by buying and holding PEPE last year.

The trader’s three wallets spent a mere 0.041 ETH (around $83 at the time) to purchase 6.44 trillion PEPE tokens in late April 2023 – just over a year ago. Remarkably, those PEPE holdings are now valued at nearly $80 million at today’s prices, representing a mind-boggling 958,580x gain. The trader has not sold a single PEPE token to date.

The $PEPE price just hit a new all-time high!

This diamond trader turned $83 into $79.4M by buying and holding $PEPE, a gain of 958,580x!

3 wallets(belonging to the same person) spent only 0.041 $ETH($83) to buy 6.44T $PEPE($79.4M), and have never sold any $PEPE to date.… pic.twitter.com/CeLmbmVogz

— Lookonchain (@lookonchain) May 21, 2024

This enormous profit showcases the potential upside that can come with investing in meme coins and other speculative crypto assets early on, even with a relatively small initial investment. However, it’s important to understand that such outlier stories are exceptionally rare, and most crypto investors experience far more modest returns or losses.

At the time of writing, PEPE chart shows that this meme coin is trading around $0.000012 after pumping over 30% today to hit its new all-time high. However, with PEPE’s RSI around 80 on the price chart, some analysts suggest a potential correction could be incoming after such a monumental rally.

.rh-colortitlebox{margin-bottom:30px;background:#fff;line-height:24px;font-size:90%}.rh-colortitlebox .rh-colortitle-inbox{display:flex;align-content:center;padding:15px;font-weight:700;font-size:110%; line-height:25px}.rh-colortitlebox .rh-colortitle-inbox i{line-height:25px; margin:0 10px; font-size:23px}.rh-colortitlebox .rh-colortitle-inbox svg{width:25px;margin-right:10px}.rh-colortitlebox .rh-colortitle-inbox-label{flex-grow:1}.rh-colortitlebox .rh-colortitlebox-text{padding:20px}.rh-colortitlebox-text>*{margin-bottom:20px}.rh-colortitlebox-text>:last-child{margin-bottom:0} New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW.rh-toggler-open{height:auto !important} .rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important} .rh-toggler-open .rh-tgl-hide{display:block !important} .rh-tgl-show, .rh-tgl-hide{cursor:pointer} .rh-contenttoggler *{box-sizing: border-box !important} .rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;} .rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}

Milei Moneda is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president known for his libertarian and pro-Bitcoin stance. You have an opportunity with the ongoing low presale price to get in early!

Sponsored

Show more +Show less –

While stories like this are incredible to witness, it’s crucial for crypto enthusiasts to approach meme coins and other speculative assets with appropriate risk management. Sensational profits can occur, but losses are just as possible in these highly volatile markets. To be honest, we at CaptainAltcoin are not fans of meme coins, but this PEPE story is mind-blowing.

Read also: Meme Coin Price Predictions: PEPE and BONK Eye New Highs Following Positive ETH ETF News

Join Aethir’s exclusive airdrop and earn badges by participating in events or holding community tokens. Complete tasks and secure your spot before the snapshot date is revealed!

Check $RECQ Meme Coin Sponsored: Invest Responsibly, Do Your Own Research. Buy RECQ Today Serves as the base currency for all transactions within the Rebel Satoshi platform
ICO stage, offering tokens at a discounted price
Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions.
Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade,
Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.

The post PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now appeared first on CaptainAltcoin.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Pepe Cash (PEPECASH) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: -0.04 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 701.884m PEPECASH

pepe meme see coin week start frenzy

Источник: captainaltcoin.com

pepe meme → Результатов: 126


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


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Top Trending Cryptos of the Week: NOT, DOG, BRETT, and Hot Presale Tokens

As we head into the last third of Q2 the market is starting to experience similar good conditions that came right before an incredible bull run at the beginning of Q1 of this year. Experts believe the Financial Innovation and Technology for the 21st Century Act (FIT21) that was just passed by the US House […] The post Top Trending Cryptos of the Week: NOT, DOG, BRETT, and Hot Presale Tokens appeared first on CaptainAltcoin.

Grayscale Launches Stacks and Near Protocol Trusts Amid Rising Demand; KangaMoon Presale Funds Shows $8M Potential by June

In recent news, Grayscale launched new crypto trusts with the aim to meet the growing demand for diversified crypto investments, specifically targeting Near Protocol token and Stacks coin. These trusts, which are now available to accredited investors, can also further increase the demand for Stacks and Near Protocol tokens in the altcoin market thereby affecting […] The post Grayscale Launches Stacks and Near Protocol Trusts Amid Rising Demand; KangaMoon Presale Funds Shows $8M Potential by June appeared first on CaptainAltcoin.

Major Whale Trades Signal WIF Could Hit $4, Can KANG Hit $1?

In a recent update by an online crypto tracker, a whale investor reportedly spent a massive amount of Solana tokens just to get Dogwifhat (WIF) tokens at the price of $3. 13. Asides bringing a shock to the altcoin market, this development has signalled the start of another meme coin drive.

Crypto VCs’ Next 1000x Picks Apart From Solana (SOL) and Avalanche (AVAX) for 2024

Venture capital (VC) firms are on the lookout for the next big investment opportunities. With previous successes like Solana (SOL) reaching a peak of +118,100%, Polygon (MATIC) at +109,000%, and Avalanche (AVAX) at +27,000%, VCs are eager to identify the projects that could potentially yield 1000x returns in the upcoming bull market.