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

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.