Pepe Coin, a newly launched meme-based cryptocurrency, has caught the attention of investors, leading to a surge in its value. The digital currency reached an all-time high of $0.000000301298 on Wednesday and experienced a 300% increase in value within the last 24 hours. This has led to a frenzy of investors buying the token, hoping that it will replicate the success of Dogecoin and Shiba Inu. More than 10,000 individuals have invested in Pepe, with the expectation of making significant profits.

One investor who put in $250 has seen their investment soar to $1.14 million in just four days. This demonstrates that cryptocurrency markets can be unpredictable, and anything can happen.

Source: Coingecko.com

Pepe Coin: From Meme to Millions

An individual investor exchanged 0.125 ETH, valued at $251, to purchase 5.9 trillion Pepe coins, as per the on-chain metrics platform 'Lookonchain'. Pepe coin's value increased significantly over the next three days, after a zero was removed from its price. This led to a surge in its popularity within the crypto community.

As of now, the investor's initial investment of $251 is now worth $1.14 million, resulting in a profit of 4,500x within a week. Despite this significant increase in value, the investor has not yet sold their tokens, and the tokens remain in their wallet.

“The SmartMoney is the luckiest guy I’ve seen recently. He spent 0.125 $ETH ($251) to buy 5.9T PEPE ($1.14M currently) 4 days ago. If he sells at the current price of $0.0000001933, he will get a profit of $1.14M, more than 4,500x,”

tweeted Lookonchain. You can track the wallet address here.

#coin #Meme #memecoin #dyor #crypto2023

Source: watcher.guru

image Source: Twitter

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Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.