News
  • Mustafa Mulla
    author-profile

    Mustafa Mulla right arrow

    Author

    Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

    • author twitter
    • linkedin

  • 1 minute read

PEPE Investor Turns $3K Into $51.25 Million โ€“ Whatโ€™s Next?

  • currency-symbol PEPE $ 0.000007114 (-2.42%) top looser
Story Highlights
  • A PEPE investor turned $3K into $51.25 million, achieving a 17,026x profit.

  • Recently, the whale deposited 500 billion PEPE to Coinbase, sparking speculation.

  • PEPE price has surged 4%, showing bullish signals as RSI moves away from the oversold zone.

In the crypto world, massive gains can happen overnight, but few stories are as remarkable as this one. A mysterious PEPE investor has turned a small $3,000 investment into a staggering $51.25 million – a 17,026x return.

Cashing Out Millions

Back in April 2023, a trader using the wallet address โ€œ0xc25โ€ took a chance, buying 4.914 trillion PEPE tokens for just $3,010 when PEPE was trading at $0.00000092. At the time, it was a risky bet, but as PEPEโ€™s popularity soared, the investment turned into a fortune.

As PEPEโ€™s popularity surged, the investor began cashing out strategically. Over time, the whale offloaded 3.66 trillion PEPE tokens, securing a massive $35.52 million in profits.

Despite selling off a large portion, the whale still holds a considerable 1.25 trillion PEPE tokens, currently valued at around $15.73 million. This brings the total estimated profit to an incredible $51.25 million with a 17,026x return on the initial investment.

500 Billion PEPE Deposited to Coinbase

After months of inactivity, the whale has made a surprising move. According to Spotonchain, they recently transferred 500 billion PEPE tokens (worth $5.73 million) to Coinbase. This unexpected deposit has sparked speculationโ€”whatโ€™s their next move?

Market Watching Closely โ€“ Is a Sell-Off Coming?

With over a trillion PEPE tokens still in their wallet, the crypto community is on high alert. Is the investor preparing for a larger sell-off, or is this a calculated strategy to buy back in at a lower price?

Meanwhile, PEPE remains on an upward trend, gaining 4% in the last 24 hours. Technical indicators also suggest a bullish outlook, with the daily RSI moving away from oversold levels.

For now, traders are watching closelyโ€”will the whaleโ€™s next move shake up the market?

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

FAQs

How high will the PEPE price go in 2025?

According to our Pepecoin price forecast, the altcoinโ€™s price could surge to a maximum ofย $0.0000731ย this year.

Is PEPE an ERC-20 token?

Yes, Pepecoin is an ERC-20 token working on the Ethereum blockchain.

Show More

Related Articles

Back to top button