In the world of cryptocurrency, there is always a possibility of making significant profits. However, this requires taking a certain level of risk and market awareness. According to Lookonchain, three investors going by the names 0x778c, 0x2af8, and cryptopolitan.eth have made millions of dollars by early investing in two popular memecoins, SHIB and PEPE.
The address 0x778c purchased SHIB on February 2, 2021, at a relatively unknown time. Over time, they invested $13,500 to buy 1.31 trillion SHIB. Eventually, they sold them for approximately $5.81 million, making a profit of around $5.8 million.
On April 17, this address invested in PEPE, spending $9,815 to acquire 396.7 billion PEPE. They later sold 116.8 billion PEPE for $392,000. Currently, they hold 280 billion PEPE worth approximately $799,000. This address has made around $1.18 million in profit.
0x2af8 started buying SHIB on April 16, 2021, and made approximately $3.84 million from these tokens. They then invested $286,000 to purchase 558.5 billion PEPE. By selling these PEPE tokens for $1.6 million, they made a profit of around $1.34 million.
Cryptopolitan.eth was another investor who early invested in SHIB and made around $2.45 million in profit. They then invested $103,000 in PEPE, acquiring 340 billion PEPE. They later sold 56 billion PEPE for $121,000 and transferred 181 billion PEPE to Binance and 7.5 billion PEPE to 0x13df. Currently, they hold 95.5 billion PEPE worth $298,000, generating approximately $695,000 in profit.
An investor known as dimethyltryptamine.eth made an investment in trillions of PEPE three weeks ago with $263. Since then, the value of the tokens skyrocketed, and after selling a portion of their holdings, they made a profit of $3.8 million. Remarkably, dimethyltryptamine.eth still holds assets worth around $9 million, representing an approximate 5,000,000% profit.
It is important for investors to exercise caution when investing in these highly volatile memecoin-themed cryptocurrencies.
This article is not investment advice. Anyone considering investing should do their own research and take their own risks.