According to what was reported, a smart coex trader of $ 2000 to more than $ 43 million by investing in Memeco Pepe at its peak, despite the severe fluctuations of the distinctive symbol and the absence of a basic technical value.
The trader has achieved more than 4,700 times for investing in the Cryptocurrency, titled Pepe (PEPE), which has the title of frog, according to the Blockchain Intelligence Lokonchain platform.
“This OG has spent only $ 2,184 to buy $ 1.5T PEPE ($ 43 million per peak) in the early stage. He sold $ 1.02T PEPE for $ 6.66 million, leaving $ 493B PEPE ($ 3.64 million), with a total profit of $ 10.3 million (4,718x), Lokonchain written on March 29 yet.
source: Lookonchain
The trader has achieved more than $ 10 million of profits despite the Baby price of more than 74 % of its highest level ever at 0.00002825 dollars, which it reached on December 9, 2024, and clarifies the data of Cointelegraph Markets Pro.
Pepe/USD, the graph ever. Source: cointelegraph markets Pro
Memecoins are some of the most speculative and volatile digital assets, with a largely basic procedure via online enthusiasm and social feeling instead of interest or basic innovation.
However, they have proven able to generate returns that changed life. In May 2024, another investor was about $ 27 from PEPE $ 27 to $ 52 million-1.9 million times-according to ONSAIN data.
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Mimokins steal the lights from altcoins
Although there was no fundamental benefit, Memecoins continued to steal the spotlight from the most firm cryptocurrencies, said Stella Zalava, the transmission editor on the Nexo digital investment platform, for Cointelegraph: said:
“High symbols, i.e. volatile symbols, steal the lights. Examples of this, Memecoins increased by 5.6 % on average, with DOGE, Pepe and Floki response to reduce optimism and wider encryption power.”
The highest 100 encrypted currencies, weekly performance. source: Cryptobubbles
While investor demand has risen on memecoins, capital may also be one of the most firm assets. For example, Solana (SOL) has decreased more than 51 % since the Trump code (Trump) was launched in January, according to Cointelegraph data.
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“Mimikwins does not tend to extract a lot of outdoor capital flow; instead.
“Even in the case of Trump, most of the liquidity was out of other encryption assets, as people sell their encryption wallet to buy Trump in the extremist Fomo (fear of loss).”
Sol/USDT, one day graph. Source: Cointelegraph/Tradingvief
The fraud and fraudulent activity in the MEMECOIN manufacturer has been afflicted, and the American organizers note. On March 5, New York lawmakers submitted a bill aimed at protecting encryption investors from rug and similar fraud from the inside shortly after the scandal around the scale (Libra), which was approved by Argentine President Javier Miley.
https://www.youtube.com/watch?
magazine: Memecoins is DED – but Solana '100x is better “despite the decrease in revenues