Blockchain tracking firm Lookonchain has recently reported on an incredibly profitable venture made by a mysterious crypto trader. This trader managed to achieve a mind-blowing 2,433,233% profit by investing in memecoin Pepe (PEPE), a rival to Dogecoin (DOGE) and Shiba Inu (SHIB).
According to Lookonchain, this anonymous trader turned a mere $3,000 investment into a jaw-dropping $73,000,000 in just 20 months through their strategic moves in the volatile crypto market. The trader purchased a substantial amount of PEPE, amounting to 4.91 trillion tokens back on April 15th, 2023. Over time, the trader sold a portion of their holdings, cashing out 3.03 trillion PEPE for $27.5 million. Despite these sales, the trader still holds on to 1.88 trillion PEPE, valued at $45.66 million, resulting in a total profit of $73 million.
The memecoin PEPE is currently trading at $0.00002317, experiencing a 15.8% decrease in value over the last 24 hours. Lookonchain also highlighted another astonishing success story involving a trader who gained a 38,399x return on investment by trading Just a Chill Guy (CHILLGUY), a memecoin based on Solana (SOL). This trader initially invested 0.75 SOL ($160) to acquire 12.5 million CHILLGUY tokens and later sold a portion for 149 SOL ($35,400). The trader still holds on to 9.62 million CHILLGUY tokens, valued at an impressive $6.1 million, resulting in a total profit of $6.14 million.
CHILLGUY is currently trading at $0.30, with a 21.1% decrease in value over the last 24 hours. These remarkable success stories showcase the potential for astronomical gains in the crypto market, albeit with significant risks involved.
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