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Trader Makes Over 10,000,000% Profits on Dogecoin and Shiba Inu Competitor in Just 20 Months: Lookonchain

Published

10 months ago

December 7, 2024

Blockchain tracker Lookonchain says a savvy crypto dealer has made a ten,000,000% achieve on a rival to Dogecoin (DOGE) and Shiba Inu (SHIB) in lower than two years.

In line with Lookonchain, an nameless dealer turned from simply $70.40 to $7.06 million in simply 20 months by shopping for memecoin Pepe (PEPE) within the early days.

“An early purchaser who spent simply 0.035 ETH ($70.40) to buy 2.61 trillion PEPE ($57.3 million at the moment) deposited the remaining 189.4 billion PEPE ($4.15 million) to Kraken [on Thursday]. Though he offered most of his PEPE early, he turned $70.40 into $7.06 million – a return of over 100,000x.”

Lookonchain additionally observed different main Pepe holders making large positive factors this week.

One Pepe dealer was spotted the place a revenue of greater than 3.018% was achieved.

“After holding for over a 12 months, this dealer turned $241,500 into $7.53 million! This dealer withdrew 375.65 billion PEPE ($241,500 on the time) from Gemini on September 20, 2023, and offered 19.55 billion PEPE for $244,000 between February 17 and September 26 this 12 months. [On Tuesday]he deposited the remaining 356.1 billion PEPE ($7.28 million) into Kraken.”

One other Pepe dealer realized $1.31 million in winnings.

“A whale purchased 240 billion PEPE ($3.64 million) at a excessive value on Might 29, after which the worth of PEPE fell. However as an alternative of panic promoting, he held on for six months. [On Wednesday]he offered his 240 billion ($4.95 million) PEPE, making a revenue of $1.31 million!”

Regardless of the revenue taking, Lookonchain notices Huge purchases are nonetheless being made by deep-pocketed buyers.

READ Trader Says Avalanche (AVAX) Gears Up for Huge Rally, Updates Outlook on Dogecoin (DOGE)

“Whales maintain gathering PEPE! A whale has withdrawn 337.09 billion PEPE ($6.92 million) from Binance within the final 20 days.”

PEPE is buying and selling at $0.00002113 on the time of writing, down 2.4% within the final 24 hours.

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