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You are here: Home / News / Altcoin News / PEPE Leads Memecoin Surge: Up 100% in Q2 2024
May 17, 2024 by Lipika Deka
PEPE spearheaded the memecoin sector’s growth in Q2 2024, soaring by 100%. PONKE [+96%], MAGA [+80%], and TURBO [+78%] also saw substantial gains. Overall, meme assets surged by +136% in volume. In the last 30 days, PEPE not only doubled its market cap but also gained significant traction, placing it among the top 50 crypto assets with a notable 35% surge in trading volumes.
Amid the soaring prices of the frog-themed meme coin, a savvy investor who remained anonymous grabbed headlines after turning a modest $3,000 investment into a whopping $46 million windfall, achieving an eye-popping return of 15,718 times their initial stake. The investor bought close to 5 trillion PEPE tokens on April 15, 2023, for approximately $56 million.
Following a substantial price increase, the investor decided to cash in a portion of their holdings, selling 1.41 trillion of the name-sake tokens for $7.4 million. This move left the investor with 3.5 trillion PEPE tokens, currently valued at around $38.9 million.
PEPE Windfall: $3K to $46M – 15,718x Gain
The total profit realized by the investor from their PEPE investment now stands at approximately $46.3 million, marking one of the most impressive gains in the cryptocurrency market. This success story serves as a reminder of the immense wealth-building potential of the crypto space, where careful investment decisions can lead to life-changing profits.
Earned more than $46 million on PEPE with only $3K, a gain of 15,718x! This super big winner sold 255 billion ($2.3 million) for profits again after the price of PEPE increased. He spent only $3K to buy 4.9 trillion ($56 million currently) on Apr 15, 2023, and sold 1.41 trillion for $7.4 million, with 3.5 trillion ($38.9 million) left. His total profit is roughly $46.3 million, a gain of 15,718x!
Regarding its price trend, market analysts anticipate the meme coin aiming for the $0.0000162 level, suggesting a potential increase of approximately 66%. This upsurge occurs within a wider market upswing fueled by optimism and growing investor attraction to digital assets. Fueled by the GameStop stock surge, speculative assets like meme coins had a notable opening to the week, with breakouts and decouplings occurring widely in the span of just 24 hours.
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