Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Smart $Pepe trader makes $11.7M profit during Market Drop

Smart $Pepe trader makes $11.7M profit during Market Drop

CryptotimesCryptotimes2024/12/28 00:33
By:Jahnu Jagtap

A smart pepe coin trader has managed to make a profit of $11.7M on $PEPE by strategically trading Pepe coin ($PEPE) during a recent market downturn.

According to the data from Lookonchain, the trader sold all of his pepe coins on December 19, during the market crash.

Smart $Pepe trader makes $11.7M profit during Market Drop image 0 Smart $Pepe trader makes $11.7M profit during Market Drop image 1 Source: X

$PEPE had reached an all-time high (ATH) of $0.000028 on December 9th, boasting a market capitalization of $11.8 billion. However, the price began to decline in the following days, ultimately dropping by approximately 50% from its peak within two weeks.

Smart $Pepe trader makes $11.7M profit during Market Drop image 2 Smart $Pepe trader makes $11.7M profit during Market Drop image 3 Source: CoinmarketCap

While everyone was losing money to price drops, this smart trader outperformed the odds, playing bets that helped him earn millions. He sold a large amount of tokens ahead of the dip. 

Following this he has been continuously accumulating tokens, and this week he now has 1.42T $pepe in his crypto address, which is valued at roughly $24.5M at the current market prices.

Follow The Crypto Times on Google News to Stay Updated!
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!