Here's How This PEPE Price Trade Made a Crypto Millionaire
Pepe Coin, the Pepe the Frog-themed meme coin that exploded back in April, made near instant millionaires.
What was so amazing it that many millionaires were created despite only putting very small initial investments into the $PEPE token.
For example, a Twitter user going by the name of lyx.eth highlighted back in April how one wallet beginning with 0xAf235 made nearly $1 million at the time with a minuscule initial $27 investment in Pepe.
That was then.
The 2.5 trillion $PEPE tokens bought by the wallet, which it is still holding onto as can be verified on EtherScan here, are now worth a cool $3.8 million.
At the peak of Pepe mania back in early May, when the project’s market cap hit an enormous $1.8 billion, these tokens would have been worth close to $10 million.
$PEPE was last trading around $0.0000015, well within its recent $0.0000014-18ish multi-week range.
At present, the project has a market cap of around $630 million, as per DEXTools.
With Pepe down more than 60% from its early May record highs, but still valued at a bloated market capitalization of over $600 million, meme coin degens looking for big returns should likely be looking elsewhere.
Luckily, analysts at Cryptonews.com have scoped out a new small-cap meme coin gem that could end up being one of the most exciting shitcoins of 2023.
A brand-new meme coin themed on South Park’s Mr Hankey, a sentient, jolly piece of feces and the cartoon’s former Christmas deity, has been going viral on social media in the past two days ahead of the launch of a stealth presale that anyone can get involved in on Thursday.
Mr Hankey Coin, which is proudly marketing itself as the crypto industry’s best shitcoin, already has over 5,600 followers on Twitter, while the project’s Telegram
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