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$0.0000154 -5.83311
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$0.0000414 7.36178
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BNB
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$595.49 -0.56801
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Solana price
XRP
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$0.5228200 -0.78015
XRP price
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$0.0000279 12.42034
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$0.0000154 -5.83311
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$0.0000414 7.36178
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SirWin
SirWin
SirWin

Trader made $46 million with PEPE after hitting new ATH

trader-made-46-million-with-pepe-after-hitting-new-ath
Edited by
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Trader made $46 million with PEPE after hitting new ATH

Following the Pepe (PEPE) price rally to new all-time highs, a trader made a 15,718x profit in one year.

According to data provided by Lookonchain, the trader purchased a total of 4.9 trillion PEPE for less than $3,000 on April 15, 2023 — selling $2,256 worth of Timeless (LIT), $210 worth of Ethereum (ETH) and 500 USDC to buy the memecoin.

After the massive returns, the wallet holder has sold a total of 1.41 trillion PEPE so far, worth $7.4 million.

On-chain data shows that the trader still has a total of 3.5 trillion PEPE tokens, worth roughly $38.9 million at the reporting time. The massive profits come as PEPE reached a new all-time high of $0.00001145 earlier today.

The frog-themed meme coin is up by 12.1% in the past 24 hours and is trading at $0.00001142 at the time of writing. Following the price rally, PEPE currently has a total market cap of $4.8 billion, making it the 23rd-largest crypto asset in the market.

Trader made $46 million with PEPE after hitting new ATH - 1
PEPE price and whale activity – May 15 | Source: Santiment

Moreover, the Pepe daily trading volume also registered a 76% rally over the past 24 hours, reaching $3.85 billion.

According to a crypto.news report on May 14, whale transactions consisting at least $100,000 worth of PEPE skyrocketed over the past 48 hours. However, data from Santiment shows a decline from 706 to 698 such transactions over the past 24 hours.