The story was posted on social media and may be fiction. But it seems true....

One crypto investor turned a modest $3,000 investment in the popular meme coin Pepe the Frog (PEPE) into a $73 million profit.

The trader first bought 4.1 trillion Pepe tokens on April 15, 2023.

Strategic Selling During Market Highs

According to blockchain data, the investor sold just over 3 trillion Pepe, pocketing around $27.5 million in the process. However, with 1.88 trillion tokens still in his wallet, worth $45.66 million in market value, his total profit now stands at $73 million.

Analysis of the trader’s activity shows that he timed his sales during market peaks, particularly when Pepe surged to an all-time high (ATH) of $0.000028 on December 9, 2024.

The sharp price rise allowed the investor to maximize profits before the meme coin’s value dropped, demonstrating a keen understanding of market cycles. Their largest single trade at the time involved selling 100 billion Pepe tokens for $2.8 million.

Pepe’s volatile nature has made it a favorite among speculative traders, especially given that its price has seen extreme swings since its launch in early 2023, gaining over 1,487% in the last 12 months alone.

At the time of writing, the meme coin, #23 on the list of cryptocurrencies with the highest cap, is trading at $0.00002436, down 4.2% from 24 hours ago. However, it’s still up 20.7% in seven days and 103.3% in a month.

While Pepe is currently trading 12.9% below its all-time high, it’s still over 44,000% above its lowest recorded price, reached on April 18, 2023, just days after our trader bought out his stock.

Cryptocurrency Success Stories

Stories of dramatic profits are nothing new in cryptocurrency. Recently, a viral squirrel incident led to the creation of a meme coin called Peanut the Squirrel (PNUT). One investor took advantage of its growing popularity and made over $8 million in profits.

According to Lookonchain, a trader bought 16 million PNUT tokens at $0.045 and sold them at $1.34 apiece a few days later, netting a 1,772% return on his investment.

Earlier this year, another investor reportedly made over $46 million trading Pepe. Starting in April 2023, the trader bought 4.9 trillion tokens when the meme coin first appeared. However, when its price skyrocketed, the investor sold some of his holdings, netting about $7.4 million in profits.

However, they had over 3.5 trillion Pepe coins worth over $39 million, turning their purchase into a windfall of $46 million.

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