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Crypto trader turns $2K PEPE into $43M, sells for $10M profit

cryptoweekly by cryptoweekly
March 30, 2025
in bitcoin, News
0

The savvy trader’s position peaked at $43 million during Pepe’s peak valuation as memecoins continue minting new crypto millionaires.

A savvy cryptocurrency trader reportedly turned $2,000 into more than $43 million by investing in the memecoin Pepe at its peak valuation, despite the token’s extreme volatility and lack of underlying technical value.

The trader made an over 4,700-fold return on investment on the popular frog-themed Pepe (PEPE) cryptocurrency, according to blockchain intelligence platform Lookonchain.

“This OG spent only $2,184 to buy 1.5T $PEPE($43M at the peak) in the early stage. He sold 1.02T $PEPE for $6.66M, leaving 493B $PEPE($3.64M), with a total profit of $10.3M(4,718x), Lookonchain wrote in a March 29 X post.

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  • Bitcoin price shrugs off potential new $450M Galaxy Digital BTC sale
  • ARK Invest adds $20M in BitMine, trims Coinbase, Block, Robinhood holdings
  • US seeks to claim $2.4M in Bitcoin seized from ransomware group
  • BitMine tanks 27% despite touting ETH’s implied value at $60K
  • SharpLink’s Joe Lubin wants to buy ETH faster than any other firm
  • Bakkt sells loyalty business to focus on being ‘pure-play crypto’
  • Google search volume for stablecoins hit peak amid ‘parabolic’ growth

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