Pepe Coin: Become a $1,000 millionaire in July 2023

Memecoins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepecoin (PEPE) have many rags-to-riches stories. Pepecoin was launched in April 2023 and skyrocketed in value in just a few days. The token has turned many early investors into millionaires.

A Czechoslovakian trader recently posted his journey with the popular frog-themed cryptocurrency on the Binance feed. The trader, who goes by the name "IB_JUNIOR," said he discovered the cryptocurrency on April 17, just before its massive surge. After checking out the project, "IB_JUNIOR" invested a small amount. To his surprise, the amount grew 1,000 times in 24 hours.

However, “IB_JUNIOR” decided to keep his investment. The trader held on until early May, and his initial investment turned into millions of dollars, with a return of more than 4,000%.

IB_JUNIOR's story is one of many that turned a small investment into millions of dollars. Another anonymous trader bought $250 worth of PEPE in mid-April. That small amount quickly turned into $1.02 million.

Can you still grow bigger with PEPE coins?

Even though the massive rally in early May is over, investors are still pouring money into Frog-themed tokens. According to LookOnChain, one trader spent 141 ETH (worth about $265,000) to buy 173 billion tokens, while transferring 690 billion tokens worth $1.05 million to a secure wallet.

The analytics firm noted that the trader spent a total of 536 ETH ($1.04 million) to purchase 613 billion PEPE tokens between June 14 and July 11.

During the same time period, PEPE coin has risen by nearly 70%. Therefore, people still hold out hope that memecoin will explode again. However, it should be noted that such whale wallets are notorious for selling tokens. Therefore, retail investors should keep their eyes open.

Regardless, while PEPE has proven to be a very popular get-rich-in-a-short-time token, the project itself does not have any real-world use cases. Moreover, it has not been massively adopted as a real currency. Therefore, investors should exercise caution before making a decision. At press time, PEPE is trading at $0.00000154, up 1.6% in the past 24 hours.