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.
Crypto markets have been treading water lately, but a bold prediction from TRON founder Justin Sun has stirred some excitement.
The cryptocurrency market was rocked today after Mantra (OM), once ranked among the top 30 altcoins, saw its value evaporate in a flash crash that erased over 90% of its price within hours.
Over the past year, Shiba Inu has struggled to keep pace with Dogecoin, despite both coins once sharing similar levels of hype and value.
A DeFi initiative with links to the Trump family, World Liberty Financial (WLFI), is planning to distribute a new stablecoin to its community as part of a live test of its airdrop system.