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- An investor who purchased $3000 worth of Pepe in 2023 has his holdings turned to $73 million, representing a staggering ROI of 24,656x.
- Pepe whales have increased their transaction activities as wallets holding between $1 million and $10 million witnessed an asset increment of 119%.
Pepe (PEPE) has printed a year-to-date gain of 1737%, with a 259% surge recorded in the last 90 days. As stated in our recent report, this run has positioned the asset into the top 20 largest cryptos by market cap, outshining Uniswap (UNI) and Litecoin (LTC). Fascinatingly, this asset has had one of the highest Returns on Investment, as its ROI currently stands at 285,430,149%.
Several investors have also recorded millions in profit from trading Pepe, with one trader turning $3000 to $73 million. According to LookOnChain data, this user’s investment recorded a staggering ROI of 24,656x.
Investigating the details, we discovered that this address purchased 4.91 trillion PEPE for $3000 on April 15, 2023. As of now, this user has sold 3.03 trillion PEPE for $27.5 million. Interestingly, the address still holds 1.88 trillion PEPE worth $45.66 million.
Turning $3K into $73M, a 24,656x return, what a legend! Before the market plummeted, $PEPE broke through $0.000028, setting a new #ATH! This legendary trader sold another 100B $PEPE($2.8M) for profit. This trader invested ~$3K to buy 4.91T $PEPE on Apr 15, 2023. Over time, he… pic.twitter.com/Z46fT8dbiY— Lookonchain (@lookonchain) December 10, 2024
Months ago, LookOnChain disclosed in another report that an investor who spent 200,000 USDC to acquire 170 billion PEPE on October 20, 2023, saw his holdings rise by 886%. As of July 25, 2024, the investor had sold a whopping $1.97 million worth of the asset.
PEPE diamond hand, who made $1.77M (+886%), spent 1.34M $USDC to buy 173B $PEPE again! This trader spent 200K $USDC to buy 170B $PEPE on Oct 25, 2023, and held it until July 25, 2024, when he sold it for 1.97M $USDC, making a profit of $1.77M.
At press time, Pepe was trading at $0.00002571. Meanwhile, the asset is expected to double its value. According to analysts, the next crucial resistance level is found at $0.00003219. Surpassing this level could see Pepe hitting $0.00003955.
Analysts Remain Bullish on Pepe as Whales Increase Activities
Last month, a renowned analyst identified as Bluntz predicted that Pepe could be embarking on another bull run based on his Elliot Wave analysis on the four-hour chart. According to him, the asset has moved to the ABC pattern and a symmetrical triangle, which is almost at the confluence level. Per his observation, this could lead to a massive breakout.
Pending the next explosive run, whales have been aggressively accumulating the asset. According to data from Etherscan, a whale recently purchased around $65 million worth of Pepe.
The latest data also shows that whales have accumulated $1.14 billion worth of the asset. Specifically, wallets holding at least $10 million in PEPE increased their positions by more than 147.81% in the last 30 days. However, investors with wallets worth between $1 and $10 have their holdings dropped by 29.69%. For those who have from $100 to $1k, their holdings increased by 21.53%. Fascinatingly, wallets holding between $1 million and $10 million Pepe recorded a significant growth of 119.91%.
Confirming these kinds of activities, LookOnChain data recently disclosed that two wallets, which are possibly linked to one user, exchanged $5 million in USDC for 190 billion PEPE tokens. According to the data, this transaction occurred when the asset was trading at $0.000026 for the first time.
Whales are buying $PEPE! Two wallets spent 4.89M $USDC to buy 190.14B $PEPE at an average price of $0.00002572 in the last 6 hours!
