How a $3,000 Investment in PEPE Became $73 Million

Popular memecoin PEPE has experienced an exceptional rise in 2024, attracting significant attention within the crypto space.

Now ranked as the 23rd-largest cryptocurrency by market cap, PEPE is valued at approximately $10.26 billion, solidifying its position among the top digital assets.

One standout story comes from a trader who turned a modest $3,000 investment into a staggering $73 million in just over a year and a half. The trader initially bought 4.91 trillion PEPE tokens for $3,000 on April 15, 2023.

After the token surged to a new all-time high of $0.000028, the trader sold off around 100 billion coins for $2.8 million. To date, they have sold 3.03 trillion coins for about $27.5 million, leaving them with 1.88 trillion tokens worth an estimated $45.66 million.

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For those wondering if there’s still potential for major gains, buying $3,000 worth of PEPE today would get you approximately 121.11 million tokens. To turn this investment into $1 million, the price per token would need to rise to around $0.00825, which would require a massive rally of over 33,000%.

Analysts differ on when PEPE might reach this price point. While Telegaon predicts it won’t happen before 2040, Changelly’s analysts are more optimistic, expecting it to reach $0.00825 by mid-2028. However, some suggest that political changes, like crypto-friendly regulations under the Trump administration, could accelerate PEPE’s growth in the near future, potentially pushing the coin to new heights far sooner than anticipated.

Alexander Stefanov