Crypto News- Spot On Chain, a leading cryptocurrency analytics platform, unveiled the remarkable success story of a savvy meme coin trader. Within just 10 days, this astute investor deposited a whopping 500 billion PEPE tokens onto Binance, translating to a hefty $4.26 million. Riding the wave of PEPE’s surge in value, the trader pocketed a staggering $3.39 million in profits during this short period.
Today, amidst PEPE’s continued bullish momentum, the trader decided to lighten his load, moving a significant portion of his holdings. Yet, even after this maneuver, the trader still retains 100 billion PEPE, valuing at a substantial $1.05 million. And that’s not all – this same trader capitalized on the soaring popularity of meme coins within the Shiba Inu ecosystem, netting an additional $900,000 in profits from FLOKI and SHIB.
PEPE Holdings Dump: Meme Coin Whale Swims Away with 3.39M Dollars in Profit
PEPE, the frog-themed Ethereum-based token launched in April 2023, recently shattered long-standing resistance on February 26, igniting a relentless rally that lasted nearly three weeks. Despite a rocky start in 2023, PEPE has now soared over 700%, surpassing its previous all-time high by a remarkable 140%.
With this meteoric rise, PEPE has surged to the 30th position among global cryptocurrencies, boasting a market capitalization of $4.42 billion. Today alone, its price spiked by an impressive 15%, trading at $0.00001045 according to CoinMarketCap.
Following PEPE’s lead, other meme coins like FLOKI and SHIB have also experienced monumental gains. FLOKI skyrocketed by over 750% in just three weeks, while SHIB rallied by an impressive 380% during the same period, according to TradingView data. The meme coin frenzy shows no signs of slowing down, as traders continue to capitalize on this explosive market trend.
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