{"id":142250,"date":"2024-11-14T15:30:47","date_gmt":"2024-11-14T13:30:47","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=142250"},"modified":"2024-11-14T14:20:19","modified_gmt":"2024-11-14T12:20:19","slug":"investor-rakes-in-over-200000-profit-with-memecoin-surge","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/investor-rakes-in-over-200000-profit-with-memecoin-surge\/","title":{"rendered":"Investor Rakes in Over 200,000% Profit with Memecoin Surge"},"content":{"rendered":"<p><strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/pepe\/\">PEPE<\/a><\/strong>, a frog-themed memecoin, has gained massive attention following a price surge, especially after its May rally. One investor <strong><a href=\"https:\/\/x.com\/lookonchain\/status\/1856884597348602288?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">turned<\/a> <\/strong>just $26 into $61.5 million by purchasing 2.52 trillion tokens in April 2023.<\/p>\n<p>However, despite the huge profit, the investor cannot sell due to their wallet being blacklisted by the coin\u2019s developers, leaving them with an untouchable asset.<\/p>\n<p>The recent spike in PEPE\u2019s price is largely driven by crypto whales. One whale deposited 500 billion PEPE tokens worth $11.38 million into Coinbase, earning a $45 million profit. Listings on major exchanges like Coinbase, Robinhood, and Upbit have further fueled demand, pushing the price to an all-time high.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/bitwise-expands-into-ethereum-staking-with-new-acquisition\/\" title=\"Bitwise Expands into Ethereum Staking with New Acquisition\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/bitwise-says-crypto-is-a-boon-for-your-portfolio-240x170.png\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Bitwise Expands into Ethereum Staking with New Acquisition<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Currently, PEPE\u2019s price has consolidated to $0.00002232 after hitting its peak, with a market cap of $9.41 billion and a trading volume of $20.77 billion.<\/p>\n<p>While the future remains uncertain, the strong demand and whale activity suggest continued potential for the memecoin\u2019s growth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Memecoins, once considered a niche part of the cryptocurrency world, have gained significant traction thanks to their humorous roots in internet memes. <\/p>\n","protected":false},"author":1,"featured_media":44320,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-142250","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Investor Rakes in Over 200,000% Profit with Memecoin Surge - CryptoDnes EN<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/investor-rakes-in-over-200000-profit-with-memecoin-surge\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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