A Whale Transformed $83 into $79.4 Million in an astounding spectacle within the cryptocurrency arena, a memecoin has shattered its previous all-time high. One astute investor reaped substantial rewards.
PEPE, a prominent member of the latest memecoin cohort, embarked on a remarkable ascent, culminating in a new pinnacle today.
Whale Transformed $83 into $79.4 Million
The surge in PEPE, which holds the title of the third-largest memecoin globally, is credited to an uptick in market optimism, fueled by burgeoning expectations that the SEC will greenlight Ethereum Spot ETF products.
In the past 24 hours, PEPE’s value has soared by over 30%, currently trading at $0.00001267.
This meteoric rise in PEPE unveiled an extraordinary profit for one whale. As per data from Lookonchain, a savvy cryptocurrency whale has yet to divest their PEPE holdings, initially acquired for a mere $83, now valued at a staggering $79.4 million.
This scenario translates to a mind-boggling profit multiplier of 958,580x. The whale’s wallet is among the earliest backers of this trending memecoin.
Comprising three wallets under the same entity, the whale amassed 6.44 trillion PEPE tokens for an investment of 0.041 ETH, or $83, and has refrained from any liquidation to date.