Investors who take early risks in new assets often have an advantage, as they divert funds towards promising opportunities. However, not all investors are fortunate enough to reap significant gains. In some cases, though, the lucky few end up multiplying their investments many times over.
Whale Alert, a platform that tracks large cryptocurrency transactions, recently highlighted such a case. An inactive Bitcoin address holding 6,071 BTC was recently reactivated after being dormant for several years. The value of the coins in the wallet was only around $3.3 million in 2013, but has since grown to nearly $180 million.
The current market seems to be in the midst of a "meme season," with the recent surge of Pepe Coin keeping the meme spirit alive. In keeping with the playful nature of this season, some individuals in the space have started jokingly claiming ownership of the wallet containing 6,071 BTC. One trader even took to Twitter to humorously announce their intention to move the wallet's funds from Bitcoin to Pepe Coin, adding to the whimsical atmosphere surrounding the situation.
According to a recent tweet from Chinese journalist Colin Wu, Pepe Coin has emerged as one of the most sought-after assets on Ethereum in the past week, ranking fourth after WETH, USDC, and USDT in terms of trading popularity. The coin has generated an impressive transaction volume of over $250 million. The coin's hype and rally have even attracted the attention of trading bots, which have been taking advantage of the trend to make profitable trades.
