PEPE Price Rally: Smart Trader Nabs 1200% Profit Trading Pepe Coin
Against the backdrop of a bull run undertaken by Pepe coin, a renowned frog-themed meme cryptocurrency, a smart trader has been recorded making huge profits. This phenomenon has gained significant traction across the global crypto community, underscoring meme-based investments’ potential to offer investors gains.
Notably, Pepe coin’s price rallied exceptionally over the past few days, with the token hitting new ATHs multiple times. Here’s a closer look into the smart trader’s investment portfolio and PEPE’s price movements.
Smart Trader Makes Profit Off PEPE, ONDO, & BEAM
According to the insights revealed by the on-chain tracking platform Lookonchain, a smart trader has increased his investment portfolio from $23M to $65M, earning $42M in just a year. Intriguingly, he traded PEPE, ONDO, & BEAM cryptos to make these profits.
The trader spent 2,434 ETH to buy 3.97 trillion PEPE. Thereafter, sold 125 billion PEPE for 350 ETH, worth $1.27 million. Still holding 3.84 trillion PEPE, worth $56.43 million, the smart trader has an ROI of 1203%.
Meanwhile, the trader also bought 7.55 million ONDO, worth $1.9 million, at an average price of $0.26. Then, it sold 2.56 million ONDO at an average price of $0.79, still holding 4.99 million ONDO worth $5.73 million. This trading strategy boasted an ROI of 288%.
Further, the trader bought 139.47 million BEAM, worth $4.44 million, at an average price of $0.019. Selling 139.47 million BEAM at an average price of $0.032, the trader made profits with an ROI of 72%.
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PEPE, ONDO, & BEAM Price Movements
Whereas, as of writing, PEPE’s price has illustrated signs of a pullback, dipping 4.26% in the past 24 hours to $0.0000139.It’s worth noting that PEPE recently hit a new ATH, defying broader market sentiments.
BEAM’s price tumbled 3.69% over the past day, resting at $0.02659. With yearly chart illustrating gains worth 442.51%, the token has garnered noteworthy interest among crypto market participants.
On the other hand, ONDO’s price surged 7.29% in the past 24 hours, reaching $1.07. The token is currently among the top gainers in the market, per Coinmarketcap’s data.
Crypto market enthusiasts continue to speculate if these cryptos have room for further gains gains.
Also Read: Bitcoin Puell Multiple Is Currently In Discount Range, BTC Price Rally to Begin Soon?
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