The cryptocurrency market saw a resurgence in activity after Donald Trump’s U.S. election victory, with previously inactive accounts springing back to life to seize opportunities in the bullish rally.
Among these, a PEPE token investor managed to achieve extraordinary returns, transforming a mere $27 into an eye-popping $52 million after holding trillions of tokens for over two years.
This investor, now dubbed a dormant PEPE whale, was inactive for nearly 600 days before returning to the market. According to Lookonchain, the whale initially spent just 0.0135 ETH—worth $27 at the time—to purchase 2.1 trillion PEPE tokens at rock-bottom prices. Fast forward to today, the explosive growth of the token has resulted in a 1,900,000x return. Rather than cashing out, the whale opted to move the tokens into a new wallet, leaving their investment untouched.
Remarkably, this isn’t the only tale of life-changing profits from PEPE tokens. Another trader reportedly turned $70 into $7 million by holding the asset for the same two-year period. These stories exemplify the potential of meme coins to generate massive returns, even from the smallest investments.
However, such success comes with significant risks. Meme-themed cryptocurrencies are notorious for their volatility, and while they can deliver jaw-dropping gains, they can also result in substantial losses. Navigating this market requires careful planning and strategic trading decisions to mitigate the inherent risks.
Binance has taken decisive action against a market maker involved in irregular trading activities related to two cryptocurrencies.
Data from IntoTheBlock suggests that the AI-driven altcoin, Kaito (KAITO), is positioned for long-term success despite initial fluctuations in user engagement.
Santiment, a leading cryptocurrency analytics firm, has identified several altcoins that have experienced a significant rise in large transactions initiated by major investors over the past week.
Coinbase, the largest cryptocurrency exchange in the U.S., has taken a step toward expanding its offerings by adding Aethir (ATH) and Maple Finance (SYRUP) to its listing roadmap.