PEPE Trader Turns $83 into $79.4M Making 958,580X Gains

PEPE token records an all-time high as a savvy trader turns $83 into $79.4M with a 958,580x gain by holding 6.44 trillion tokens across 3 wallets.

The PEPE token has shattered expectations in recent times, achieving an all-time high and bringing incredible returns to investors. Through a series of strategic investments, a single trader transformed a modest $83 investment into a splendid $79.4 million. This equates to a massive 958,580 times return on the initial investment.

Strategic Acquisitions Fuel Massive Returns

This is according to a detailed analysis by blockchain analytics firm Lookonchain. The data points to a single trader managing three interconnected wallets, which initially purchased approximately 6.44 trillion PEPE tokens using only 0.041 ETH, equivalent to $83.

Image Source: https://x.com/lookonchain/status/1792933803759137035

According to Lookonchain, the trader’s approach was characterized by calculated patience, opting to hold the entire balance without selling any as PEPE’s value skyrocketed. 

Transaction Insights and Token Appreciation

The transactions that fueled this monumental rise were carried out on April 15, 2023, across three separate wallets under the control of a single individual. The first wallet initiated a transaction on Uniswap V3, where 0.0143 ETH ($28.73) was exchanged for roughly 2.14 trillion PEPE tokens.

Simultaneously, the second and third wallets also engaged in significant trades on the same platform. The second wallet swapped 0.0135 ETH ($27.23) for approximately 2.1 trillion tokens, and the third exchanged 0.0133 ETH ($26.85) for about 2.2 trillion tokens. At that time, the PEPE token was trading at a mere $0.0000000658 per token.

However, within a year, the value of PEPE tokens surged by 21,564.48 times, as tracked by CoinMarketCap, with the token price at $0.00001232 at the time of writing.

PEPE Shows Bullish Signals

Technically, the MACD indicator on the daily chart for the PEPE token displays a compelling vertical movement, signaling a strong bullish trend. Positioned at 0.000001293, the MACD line lies above its signal line, suggesting that the bullish momentum has room to continue in the near future.

Additionally, the MACD’s histogram chart shows large green bars that extend above the zero line at 0.0000003935, further reinforcing the strength of the current bullish trend. These positive technical signs indicate that the PEPE token is likely to see further price increases in the upcoming days.