Trader made $46 million with PEPE after hitting new ATH

After the price of Pepe (PEPE) rose to all-time highs, a trader made 15,718 times profit in one year.

According to data provided by Lookonchain, the trader purchased a total of 4.9 trillion PEPE for less than $3,000 on April 15, 2023; He sold $2,256 worth of Timeless (LIT), $210 worth of Ethereum (ETH), and 500 USDC to buy memecoin.

He earned more than $46 million $PEPE 15,718x earnings with only $3k!😱

This super big winner sold 255 billion $PEPETo make a profit again after the price of ($2.3 million) $PEPE increased.

Spent only $3k to buy 4.9T $PEPE(currently $56 million) on April 15, 2023 and sold 1.41 tons $PEPE With 3.5T for 7.4 million dollars… pic.twitter.com/VKGxmK9gCt

— Lookonchain (@lookonchain) May 15, 2024

After huge returns, the wallet holder has sold a total of 1.41 trillion PEPE worth $7.4 million so far.

On-chain data shows that the trader still owns a total of 3.5 trillion PEPE tokens; which is worth approximately $38.9 million at reporting date. Huge profits were made as PEPE hit an all-time high of $0.00001145 earlier today.

The frog-themed meme coin is up 12.1% in the last 24 hours and is trading at $0.00001142 at the time of writing. Following the price rise, PEPE now has a total market cap of $4.8 billion, making it the 23rd largest crypto asset in the market.

PEPE price and whale activity – May 15 | Source: Santiment

Additionally, Pepe’s daily transaction volume increased by 76% in the last 24 hours, reaching 3.85 billion dollars.

According to a May 14 crypto.news report, whale transactions containing at least $100,000 worth of PEPE have skyrocketed in the past 48 hours. However, data from Santiment shows that such transactions dropped from 706 to 698 in the last 24 hours.