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Mustafa Mulla
Mustafa Mulla
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.
- Mar 11, 2024 06:34 UTC
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Crypto Trader Makes $8.13M in 2 Weeks with $PEPE (PEPE); Here’s How
A crypto trader turned $1.7 million into $8.13 million in 2 weeks trading $PEPE on Binance.
Lookonchain, a blockchain analysis platform, revealed details of the trader's strategic moves.
This story highlights the potential for big gains, but also the volatility, of the cryptocurrency market.
Lookonchain, a leading blockchain analytics platform, has uncovered an incredible success story. This tale features a trader who turned an initial investment of $1.7 million into a staggering $8.13 million within just two weeks, utilizing strategic moves with the $PEPE token on the Binance exchange.
The crypto community is buzzing with excitement over this exceptional achievement, highlighting the considerable profit potential in the volatile cryptocurrency market.
Brilliant Strategies at Play
According to Lookonchain data, the trader carefully executed a series of actions with the $PEPE token on the Binance exchange. The trader initiated the sequence by depositing an impressive 196.18 billion $PEPE tokens, equivalent to $1.7 million, setting the stage for a remarkable financial journey.
Just four hours later, the trader made a strategic withdrawal of a massive 1.19 trillion $PEPE tokens, approximately $1.88 million. This move preceded a significant surge in the token’s price, a development captured by Etherscan, shedding light on this significant transaction.
Also Read: Chatgpt Predicts 10x Rally For SHIB, DOGE, PEPE, and WIF Price
Crypto Analysts Join In
Crypto Rover, a well-known figure in the crypto analysis realm, reported a remarkable gain on his $PEPE investment, seeing it rise from an initial $12,108 to an impressive $104,997 in just one month.
Despite the substantial profits, Crypto Rover expressed his commitment to holding the asset until it reaches a lofty valuation between $2 to $3 million. This strategic approach aligns with the trader’s confidence in the continued growth potential of $PEPE.
Market Snapshot
Currently, PEPE coins are being traded at a value of $0.00000849 with trading volume standing at $1.28 billion over the last 24 hours. Meanwhile, the circulating supply of 420.69 trillion PEPE coins and a maximum supply of the same amount.
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Would you ever invest in a volatile token like $PEPE? Why or why not?
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