Since the crypto trading market turned bullish with Donald Trump’s win in the US elections, many dormant accounts have returned to the market to benefit from the rally. One such PEPE holder has also benefitted heavily from this, turning $27 into $52M with his investment in PEPE tokens. Interestingly, this was not just a day or month deal, as this dormant PEPE whale has been holding trillions of tokens for two years.
Dormant PEPE Whale Made 1,900,000x Return with PEPE Token
As per the Lookonchain post, the crypto whale was dormant for 600 days before becoming active in the crypto trading market. Back then, it spent 0.0135 ETH, equivalent to $27, to buy 2.1T PEPE when the price was low. However, over the token’s bullish performance this year, the same investment has turned to $52M, making an extraordinary return on the investor.
A $PEPE whale that had been dormant for 600 days transferred all 2.1T $PEPE($52M) to a new address.
This whale initially only spent 0.0135 $ETH($27) to buy 2.1T $PEPE and has held it until now.
From $27 to $52M—an extraordinary 1,900,000x return!https://t.co/Et442zxUGk pic.twitter.com/35sp0Iu46E
— Lookonchain (@lookonchain) December 14, 2024
The dormant PEPE whale still holds all these tokens but has transferred to a new wallet. With that, this investor made a 1,900,000x return after holding those tokens for two years. Interestingly, this is not the only crypto trader who profited from the PEPE token. Another trader turned $70 to $7M after holding the tokens for two years, similar to this crypto whale.
This reveals how the trending meme coins are setting the benchmark for heavy returns. However, there are volatility risks in these meme-themed cryptocurrencies, creating the need for proper crypto trading strategies.
Can PEPE Price $1?
With more and more crypto users becoming millionaires with such memecoin, investors are curious whether PEPE will hit the $1 mark or not. It has one of the most bullish performances this year, gaining 1606% value in YTD, and has recently achieved the ATH of $0.00002825, currently trading at $0.00002397 with a market capitalization of $10.08B. However, for the Pepe price to hit $1, its value has to grow by 4.13 million percent, which is nearly impossible unless a major bull run hits the market.
Not to $1, but the token’s rally could continue further, as it has been moving in a major cup and handle pattern for months.
What’s The Lesson Here With This Dormant PEPE Whale Story?
In the crypto market, traders require proper crypto trading strategies to tackle the market’s volatility, changing trends, and much more. This dormant PEPE whale did the same and followed simple yet affecting trading strategies, like identifying potential tokens, buying at low, and holding for long. These three steps have made this trader millions of dollars in profit in PEPE tokens, as he turned its $27 investment into $52M over 600 days, becoming an example for the entire community.
The post Here’s How 600 Days Dormant PEPE Whale Turned $27 Into $52M With PEPE Token appeared first on CoinGape.
