About a year ago, a user invested $3,000 in PEPE. During this time, the value of assets has increased by 15,718 times, Lookonchain drew attention to.
Earned more than $46M on $PEPE with only $3K, a gain of 15,718x!😱
This super big winner sold 255B $PEPE($2.3M) for profits again after the price of $PEPE increased.
He spent only $3K to buy 4.9T $PEPE($56M currently) on Apr 15, 2023, and sold 1.41T $PEPE for $7.4M, with 3.5T… pic.twitter.com/VKGxmK9gCt
After buying 4.9 trillion PEPE on March 15, 2023, the trader kept them until March 2024. In recent months, he has gradually sold some of his assets for $7.4 million amid the coin's growth to a historic high.
The trader left 3.5 trillion meme coins worth $38.9 million in his wallet. His total "paper" profit on PEPE amounted to $46.3 million, experts estimated.
Earlier, Lookonchain experts told how the investor turned 60 SOL (~$8,700) into $1.26 million on HAMMY in two months.
In April, they discovered a trader who had earned more than $26 million trading meme tokens in a few months. Another user made a profit of $1.5 million on seven coins.
Recall that despite fears of a bubble in the memcoin segment and the skeptical attitude of some experts towards them, Synthetix founder Kane Warwick called this type of coin a valuable tool for attracting traders to DEX.