Blockchain tracking firm Lookonchain says one savvy crypto trader gained a 2,433,233% profit on a Dogecoin (DOGE) and Shiba Inu (SHIB) rival.
According to Lookonchain, one anonymous trader turned $3,000 into a whopping $73,000,000 in just 20 months by purchasing memecoin Pepe (PEPE).
“Turning $3,000 into $73 million, a 24,656x return, what a legend! Before the market plummeted, PEPE broke through $0.000028, setting a new all-time high! This legendary trader sold another 100B PEPE ($2.8 million) for profit.
This trader invested ~$3,000 to buy 4.91 trillion PEPE on April 15th, 2023. Over time, he steadily sold PEPE, cashing out 3.03 trillion PEPE for $27.5 million. He still holds 1.88 trillion PEPE ($45.66 million), bringing his total profit to an incredible $73 million!”
PEPE is trading for $0.00002317 at time of writing, down 15.8% in the last 24 hours.
Lookonchain also recently noticed another crypto trader who gained a massive 38,399x return on a new memecoin, Just a Chill Guy (CHILLGUY). The Solana (SOL)-based digital asset, inspired by a popular cartoon, has recently been one of the most viral memecoins.
“Turned $160 into $6.14 million, a 38,399x return! This trader spent only 0.75 SOL ($160) to buy 12.5 million CHILLGUY on http://Pump.fun, and then sold 2.8 million CHILLGUY for 149 SOL ($35,400). The trader still holds 9.62 million CHILLGUY ($6.1 million), with a total profit of $6.14 million!”
CHILLGUY is trading for $0.30 at time of writing, down 21.1% in the last 24 hours.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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