In the world of cryptocurrency, it’s not uncommon for investors to jump on new projects and tokens early on, hoping to ride the wave of success as the project grows. This was certainly the case for PEPE, a new token that has been making waves in the NFT community. Recently, it has been revealed that many early buyers of PEPE hold Milady NFT, and one multisig wallet manages 6.9% of the total PEPE supply.
According to reports, the NFT community and Chinese investors in Dubai teamed up to buy PEPE in the early stages of the project, providing a crucial boost to the token’s growth. One of the earliest buyers, who goes by the name Dimethyltryptamine.eth, purchased 0.125 ETH of PEPE on the first day. This address now holds a large amount of Milady and the same project, Remilio.
Dimethyltryptamine.eth has since cashed out more than $6 million USD and still holds PEPE worth over $9.7 million USD. This is a significant amount of money and highlights the potential rewards for those who take early risks on new tokens and projects.
While the NFT community and Chinese investors may have played a key role in the early success of PEPE, it’s important to note that cryptocurrency investment always carries risks. The market can be volatile, and the value of tokens and projects can rise and fall rapidly. As with any investment, it’s important to do your research and assess the potential risks and rewards before investing.
Overall, the story of PEPE and the early buyers who hold Milady NFT is a fascinating one, highlighting the potential rewards for those who are willing to take risks on new projects and tokens in the cryptocurrency market. As the market continues to evolve and grow, it will be interesting to see what new opportunities and projects arise and how investors respond.
Source: https://azcoinnews.com/early-pepe-buyers-holding-milady-nfts-make-millions-in-profits.html
