- Pepe Coin price reaches a new all-time high amid a bullish rally.
- A savvy trader capitalizes on the surge, securing an 867% return on investment.
- The trader’s strategic moves in both spot and futures markets yield significant profits.
Discover how a smart trader turned a $250,000 investment into $2.42 million amid Pepe Coin’s latest rally.
Smart Trader Bags Massive Profit From PEPE Sale
A savvy trader has capitalized on the soaring Pepe Coin price, turning an initial investment of $250,000 into a staggering $2.42 million. According to Lookonchain, a blockchain tracking avenue, the trader purchased 160.62 billion PEPE tokens on December 6 and 7, 2023.
This strategic acquisition paid off handsomely when the trader sold all holdings for 644 ETH, valued at approximately $2.42 million. Hence, the whale realized a profit of around $2.17 million. This impressive feat represents an 867% return on investment (ROI).
Additionally, the same trader demonstrated clever trading with investments in Pepe Coin derivatives. They spent $25,000 on 139,822 Pepe Coin futures on December 6, 2023. By selling a portion of these holdings—25,000 coins—for 30.27 ETH, equivalent to $113,000, the trader secured a substantial profit.
Moreover, the remaining 114,822 Pepe Coin futures are currently valued at $574,000. This brings the total profit on these positions to $663,000 and an extraordinary ROI of 2651%. In addition, in the past three hours alone, two newly created wallets withdrew a combined total of 182.7 billion PEPE.
Pepe Coin Price
The Pepe Coin price continued trading in the green amid the bullish sentiment in the market. As of writing, the PEPE price surged 12.35% to $0.00001692 on Monday, May 27. Whilst, the Ethereum-based meme coin’s market valuation stood at $7.19 billion. Whilst, the 24-hour trading volume surged 98.75% to $3.10 billion.
The Pepe Coin price attained a fresh ATH of $0.00001718 today. According to Coinglass, the PEPE futures open interest reached a record $196.47 million, marking an 18.19% increase in the last 24 hours. This robust performance has propelled Pepe Coin to become the 18th largest crypto by market capitalization, surpassing Polygon (MATIC).
Conclusion
The recent surge in Pepe Coin’s price and the strategic moves by savvy traders highlight the volatile yet lucrative nature of the cryptocurrency market. With a remarkable ROI and significant gains in both spot and futures markets, Pepe Coin’s performance underscores the potential for substantial profits. As the market continues to evolve, traders and investors should remain vigilant and informed to capitalize on emerging opportunities.
