Memecoin Hunters Epic 3,200% Gain on SHIB Rival for Seven Figures

Memecoin Hunters Epic 3,200% Gain on SHIB Rival for Seven Figures

A persistent trader has made massive gains in the last month trading memecoins like Pepe Coin, according to Lookonchain, with one trade resulting in a 32x gain on their investment.

A persistent trader with a knack for hunting memecoin trends has managed to lock in substantial profits in the the previous  30 days, reports by blockchain tech sleuthing company Lookonchain.

Lookonchain reveals that a trader made hundreds of Ethereum (ETH) over the the previous  30 days trading Pepe Coin (PEPE) and another very low-cap altcoin.

The entity’s profits on PEPE amounted to 32x, reports by the firm.

“Sharing a super meme cryptocurrency hunter who earned 562.64 Ethereum (ETH) ($1.06 million) in the past month!

– Made 189.5 Ethereum (ETH) ($345,306, 4x gains) on RFD.

– Made 127 ETH($248,697, 32x gains) on PEPE.”

Lookonchain reveals the memecoin hunter traded a total of 104 different crypto tokens in the past 30 days, of which 66 were profitable, giving the trader a win price of 63.5%.

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The blockchain tech tracking company has informed a number of traders who took advantage of the substantial rallies in PEPE as of late.

Lookonchain informed on a trader earlier these 30 days who made 48x on his PEPE trades. The same trader then took their profits and reinvested them back into PEPE on its value dip. On-chain data shows the entity selling their Ethereum (ETH) for more PEPE on decentralized cryptocurrency exchange Uniswap (UNI).

“A SmartMoney who made 1,219 Ethereum (ETH) ($2.2 million) on PEPE spent 1,173 Ethereum (ETH) ($2.1 million) to buy 1.33 trillion PEPE again… The buying price is $0.000001586.

He purchased 2.24 trillion PEPE with 26 Ethereum (ETH) ($48,000) at $0.00000002166, then sold for 1,245 Ethereum (ETH) ($2.24 million) at $0.0000009985, with a gain of 48x.”

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At the moment of writing, PEPE is trading for $0.000002, mostly sideways on the week.

Featured Image: Shutterstock/Perfect Lazybones/Natalia Siiatovskaia


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