Memecoin Investor Strikes Gold
Have you heard about the memecoin trader who hit the jackpot with PEPE? Lookonchain data reveals that James Wynn made an astronomical 1,503x profit on his initial investment in PEPE. Here’s how he did it:
• James Wynn purchased 2.83 trillion PEPE tokens for $8,524.
- ◦ When the token gained momentum, he sold 1.81 trillion tokens for $4.57 million.
• According to reports, Wynn also dabbled in other tokens like BOBO and ANDY, raking in an additional $818K in profits. Let’s delve into his recent trades and explore his success rate in the memecoin market!
Whales Load Up on PEPE
Despite a recent decline in PEPE’s price and the dwindling number of addresses holding profits, whales are not missing out on accumulating PEPE tokens. Recent data reveals:
• A whale snatched up 211.6 billion PEPE from various exchanges, spending $1.54 million at an average price of $0.000007291.
- ◦ Just hours after the purchase, the token’s price surged by 17%, turning the buying spree into a profitable move.
• Spot On Chain data indicates that the whale’s holdings surged to $1.72 million, netting a handsome $173,000 in unrealized profits. Reports also suggest that whales are actively accumulating and profiting from their PEPE stash!
• Despite a 22.1% decrease in market activity and a slight drop in market capitalization, PEPE has regained its position as the third-largest memecoin, surpassing dogwifhat (WIF). The token is currently trading at $0.000007821, showcasing a 11.4% drop in the monthly timeframe but a remarkable 52.2% surge in the last seven days.
Hot Take: Memecoin Magic Continues
Are you ready to ride the memecoin wave to potential riches? With success stories like James Wynn’s phenomenal 1,503x profit with PEPE and whales continuing to accumulate and profit from the token, the memecoin market shows no signs of slowing down. Keep an eye on market trends and capitalize on the memecoin frenzy for your chance to make it big in the crypto world!
By
By
By
By