Blockchain monitoring agency Lookonchain says one savvy crypto dealer gained a 2,433,233% revenue on a Dogecoin (DOGE) and Shiba Inu (SHIB) rival.
In accordance with Lookonchain, one nameless dealer turned $3,000 right into a whopping $73,000,000 in simply 20 months by buying memecoin Pepe (PEPE).
“Turning $3,000 into $73 million, a 24,656x return, what a legend! Earlier than the market plummeted, PEPE broke via $0.000028, setting a brand new all-time excessive! This legendary dealer bought one other 100B PEPE ($2.8 million) for revenue.
This dealer invested ~$3,000 to purchase 4.91 trillion PEPE on April fifteenth, 2023. Over time, he steadily bought PEPE, cashing out 3.03 trillion PEPE for $27.5 million. He nonetheless holds 1.88 trillion PEPE ($45.66 million), bringing his complete revenue to an unbelievable $73 million!”
PEPE is buying and selling for $0.00002317 at time of writing, down 15.8% within the final 24 hours.
Lookonchain additionally lately noticed one other crypto dealer who gained an enormous 38,399x return on a brand new memecoin, Only a Chill Man (CHILLGUY). The Solana (SOL)-based digital asset, impressed by a well-liked cartoon, has lately been probably the most viral memecoins.
“Turned $160 into $6.14 million, a 38,399x return! This dealer spent solely 0.75 SOL ($160) to purchase 12.5 million CHILLGUY on http://Pump.enjoyable, after which bought 2.8 million CHILLGUY for 149 SOL ($35,400). The dealer nonetheless holds 9.62 million CHILLGUY ($6.1 million), with a complete revenue of $6.14 million!”
CHILLGUY is buying and selling for $0.30 at time of writing, down 21.1% within the final 24 hours.
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