Memecoins are known for their ability to create millionaires in their initial stages. With the emergence of Shiba Inu [SHIB], Pepecoin [PEPE] is the only other memecoin that can match the level of the former asset. Now, the new version of PEPE has begun to gain popularity and is competing to become a famous memecoin in the market.
PEPE 2.0 is the latest meme coin to make waves in the cryptocurrency space, catching the attention of a smart investor who acted promptly and made a tidy profit. According to Lookonchain data, the investor purchased a total of 13 billion PEPE tokens worth $12,000 on June 13. However, shortly thereafter, the investor decided to convert all of his PEPE holdings into Bitcoin.
Interestingly, the investor found himself back in the frog-themed crypto asset market. This time, it was the new version, PEPE 2.0, that caught his attention. On June 28, the investor decided to exchange his Bitcoin for a large amount of PEPE 2.0, acquiring a total of 6 trillion tokens. Following this development, the investor purchased the meme coin again on June 30 and July 2.
As the price of memecoins increased significantly, investors saw a significant appreciation in the value of the coins they held. Taking advantage of this opportunity, the investor decided to sell 2.3 trillion PEPE 2.0 tokens. This is equivalent to 215 ETH, which is worth about $398,000 at current market rates. In addition to this, the address also exchanged some of his positions for PEPE, BOBO, and other meme coins.
After making these investments, the investor currently has a portfolio consisting of 2.7 trillion PEPE 2.0 tokens, valued at approximately $533,000. As of press time, the total profit has exceeded $1 million.
How is PEPE 2.0 progressing now?
At press time, Meme Coin is trading at $0.0000001514, with a daily gain of 8.73%. Notably, PEPE 2.0 hit an all-time high of $0.0000002219 earlier today. The asset is currently trading 30% below that level.
