Blockchain tracking company Lookonchain says a savvy crypto trader made a 2,433,233% profit on a rival to Dogecoin (DOGE) and Shiba Inu (SHIB).
According to Lookonchain, an anonymous trader turned $3,000 to a whopping $73,000,000 in just 20 months by buying memecoin Pepe (PEPE).
“Turn $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 100 billion PEPE ($2.8 million) at a profit.
This trader invested ~$3,000 to buy 4.91 trillion PEPE on April 15, 2023. Over time, he steadily sold PEPE, cashing out 3.03 trillion PEPE for $27.5 million. He still owns 1.88 trillion PEPE ($45.66 million), bringing his total winnings to an incredible $73 million!”
PEPE is trading at $0.00002317 at the time of writing, down 15.8% in the last 24 hours.
Lookonchain also recently noticed another crypto trader making 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 been one of the most viral memecoins recently.
“$160 turned into $6.14 million, a 38,399x return! This trader spent just 0.75 SOL ($160) to buy 12.5 million CHILLGUY on http://Pump.fun, then sold 2.8 million CHILLGUY for 149 SOL ($35,400). The trader still has 9.62 million CHILLGUY ($6.1 million) in his possession, for a total profit of $6.14 million!”
CHILLGUY is trading at $0.30 at the time of writing, down 21.1% in the last 24 hours.
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Generated image: Midjourney