A skilled crypto trader has demonstrated exceptional market timing by turning an initial $3,000 investment into a $73 million through strategic PEPE coin trades. This was made known by Lookonchain through a post on X.
The trader entered the position on April 15, 2023, acquiring 4.91 trillion PEPE tokens. Before the recent market correction, PEPE reached a new all-time high of $0.000028.
The trader has executed a calculated exit strategy, selling 100 billion PEPE tokens for $2.8 million during the recent price surge.
In total, they’ve sold 3.03 trillion PEPE tokens, securing $27.5 million in realized profits. Their remaining position of 1.88 trillion PEPE tokens is valued at approximately $45.66 million, bringing their total return to $73 million—a 24,656x return on investment.
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Whale Activity Signals Strong Market Interest
Large-scale investors continue showing significant interest in PEPE. Recent blockchain analysis by Lookonchain also reveals coordinated buying activity, with nine wallets, likely controlled by a single whale, investing 13.8 million DAI to acquire 555 billion PEPE tokens. The average purchase price was $0.000025 per token.
A sustained whale accumulation could have several positive implications for PEPE’s price action:
- Reduced Selling Pressure: Large holders typically maintain longer-term positions
- Market Confidence: Whale buying signals strong institutional interest
- Supply Dynamics: Concentrated holdings can reduce available trading supply
- Price Support: Major buyers often maintain price levels to protect their positions
The combination of successful early investors and continued whale accumulation suggests ongoing market confidence in PEPE’s growth potential, despite recent market volatility.
