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- An anonymous trader has managed to turn a $12,000 investment into over $1 million in just 10 days, thanks to the rapid rise of a meme coin called Pepe 2.0.
- The trader initially purchased 13 billion PEPE and 0.06 ETH for $12,000 on June 13, later selling all of these to invest in BITCOIN, a meme coin unrelated to BTC.
- On June 28, the trader caught onto PEPE2.0, spending 400,000 units of BITCOIN to acquire 6 trillion PEPE2.0. The trader then began providing liquidity to PEPE2.0, earning even more.
From $12,000 to $1 Million: The Power of Meme Coins
Initial Investment and Switch to BITCOIN
An unknown trader has made headlines in the cryptocurrency world by turning a $12,000 investment into over $1 million in just 10 days. This remarkable feat was achieved through the rapid ascent of a meme coin called Pepe 2.0. The trader initially purchased 13 billion units of another meme coin, PEPE, and 0.06 ETH for $12,000 on June 13. However, the trader later sold all these holdings to invest in BITCOIN, a meme coin that has no relation to the popular cryptocurrency, Bitcoin (BTC).
Catching onto PEPE2.0
On June 28, the trader shifted their focus to PEPE2.0, a rising star in the meme coin market. The trader spent 400,000 units of BITCOIN to acquire a staggering 6 trillion units of PEPE2.0. Following this, the trader began providing liquidity to PEPE2.0, which resulted in even more earnings.
Profits from PEPE2.0
The trader managed to accumulate 7.9 trillion units of PEPE2.0. They sold 5.2 trillion of these tokens for approximately $614,000. As of today, the trader continues to hold 2.7 trillion PEPE2.0 tokens, valued at around $533,000. This means the trader’s total paper profit has exceeded $1 million. In addition to the 2.7 trillion PEPE2.0, the trader also holds 97 billion PEPE and 633 billion BOBO.
PEPE2.0’s Trading Volume Exceeds $100 Million
PEPE2.0, which has only been trading for about 10 days, has recorded a significant increase in its 24-hour trading volume. The cryptocurrency’s trading volume exceeded $160 million today, with its market value hovering just above $50 million.
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