PEPE Investor Witnesses Staggering 958,580x Return on Long-Term Investment
CryptoNewsTerminal Staff21 May, 2024
PEPE Investor Witnesses Staggering 958,580x Return on Long-Term Investment
PEPE, the popular meme coin, has made headlines once again as a trader recently realized a remarkable profit of 958,580 times their initial investment. According to Lookonchain, the trader acquired 6.44 trillion PEPE tokens on Uniswap with a mere 0.041 ETH, equivalent to approximately $83 at the time of purchase. Today, these tokens are valued at an astonishing $79.4 million based on the current market price of $0.0000122. Intriguingly, the trader has not sold any of their PEPE holdings, indicating a strong belief in the meme coin's potential. CoinMarketCap data reveals that PEPE has experienced a recent surge, currently trading at a price of $0.0000122, marking a 30.14% increase. This news serves as a testament to the potential profitability of long-term cryptocurrency investments, highlighting the importance of patience and conviction in the digital asset market.
