- PEPE cryptocurrency soars, investor turns $83 into $79.4 million.
- Trader strategically manages 3 wallets, acquires 6.44 trillion PEPE tokens.
- PEPE token value surges 21,564-fold, technical analysis indicates uptrend.
The PEPE
The Strategic Acumen of a Pepe Trader Results in Exponential Profit
Blockchain analytics company Lookonchain has meticulously examined the situation and found that the trader skillfully managed three separate wallets. These wallets were used to acquire around 6.44 trillion PEPE tokens for a mere 0.041 ETH, which was worth $83 at the time.
The trader’s approach was marked by strategic patience, opting to retain the full amount of tokens and refraining from selling any as the value of PEPE skyrocketed.
The pivotal transactions that set the stage for this remarkable profit occurred on April 15, 2023, involving three distinct wallets under the control of a single entity. The initial transaction was conducted through Uniswap V3, where the first wallet exchanged 0.0143 ETH, valued at $28.73, for approximately 2.14 trillion PEPE tokens.
Simultaneously, the second and third wallets actively traded on the same exchange. The second wallet traded 0.0135 ETH for a total of 2.1 trillion coins, while the third wallet traded 0.0133 ETH for a total of 2.2 trillion coins. During these trades, the market price of the PEPE token was extremely low, at $0.0000000658 for each token.
Nonetheless, over the following year, the market value of PEPE tokens skyrocketed, increasing by a factor of 21,564.48, as recorded by CoinMarketCap. As of the time this text was written, the price per token had reached $0.00001232.
Examining the daily chart’s technical analysis for the PEPE token more closely, there is a clear indication of a strong uptrend. The MACD indicator is showing a pronounced upward trajectory, with the MACD line at 0.000001293, which is higher than its signal line, indicating that the upward trend may persist in the short term.
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