Investor Secures Staggering 24,656x Return on Pepe Investment Amid Market Correction

A savvy crypto trader has achieved substantial returns on their Pepe investment, transforming an initial investment of $3,000 into a staggering $73 million despite the ongoing market correction.

According to data, the investor entered the Pepe market early, purchasing 4.91 trillion Pepe tokens in April 2023. As the meme coin gained traction and set a new all-time high of $0.000004487 in May 2023, the investor started selling off parts of their holdings at a profit.

Profit-Taking Trades and Whale Activity

The selloff spree began on May 5, 2023, and continued until May 18, 2023. After a brief pause, the investor resumed sales in February this year, as Pepe embarked on another uptrend. The distribution campaign persisted until recently, with the latest sale involving 100 billion Pepe for $2.8 million.

So far, the trader has liquidated 3.03 trillion Pepe, realizing profits totaling $27.5 million. Despite these sales, the wallet still retains 1.88 trillion tokens worth $45.66 million, bringing their total gains to $73 million.

Notably, the latest sale occurred before the recent Pepe collapse, as the meme coin dropped to the $0.000025 region on the back of the broader market crash. Pepe currently trades for $0.00002554, down 3.73% over the past 24 hours.

Whale Activity Contributes to Pepe Resilience

Despite the price drop, significant whale activity has been contributing to Pepe‘s resilience in the face of market turbulence. A single whale, possibly controlling nine wallets, moved $13.8 million in DAI to purchase 555 billion Pepe tokens within just two hours. The average buying price for these transactions was $0.000025.

Whales are buying $PEPE!

This recent development is the latest in a series of profit-taking trades involving meme coins. However, not all trades have been successful, highlighting the importance of careful investment decisions and market analysis.

For more information on cryptocurrency investments and market trends, visit Global Crypto News.

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