Pepe investor turns $3K into $73M! Here’s how it happened

• A $3K investment in Pepe grows to $73 million, with 96% of holders reporting profits.
• PEPE trading volume hits $13.96 billion as thousands of new addresses join the market this week.

Pepe [PEPE] was priced at $0.00002523 at press time, with a 24-hour trading volume reaching $13.96 billion. While the price has declined by 1.41% over the past day, it remains 22.53% up on the 7-day chart. 

Source: TradingView

The highest price recorded for Pepe was $0.00002803, reached on 9th December. Compared to this peak, the current price is 10.84% lower. 

Over the past 24 hours, PEPE’s price fluctuated between $0.00002246 and $0.00002803, while the weekly range was $0.00001931 to $0.00002748.

Whale gains $73 million from early investment

A trader who initially invested $3,000 in Pepe in April, 2023, has now realized extraordinary profits of $73 million. This investor purchased 4.91 trillion PEPE tokens early in its launch phase and gradually sold portions of their holdings over time. 

So far, they have sold 3.03 trillion PEPE for $27.5 million and still hold 1.88 trillion tokens valued at approximately $45.66 million.

The trader’s return on investment equates to a 24,656x gain, which has garnered attention within the cryptocurrency community. 

On December 9, the trader sold an additional 100 billion tokens for $2.8 million, further contributing to their total profits.

Majority of holders report profits

According to data from IntoTheBlock, 96.65% of PEPE holders, totaling 348,770 addresses, are currently in profit. This indicates that the majority of holders acquired the token at prices lower than its current value. 

Source: IntoTheBlock

Approximately 3.34%, or 12,060 addresses, are at break-even, having purchased the token at a price near its current level.

Only 28 addresses, or 0.01%, are reporting losses, as these investors bought the memecoin above its present price. 

The majority of holders entered the market when the token was priced between $0.000003 and $0.000023, showing a strong accumulation phase before recent price rallies.

Rising adoption and increased trading volume

PEPE has experienced a notable increase in activity, with 24-hour trading volumes reaching 24.99 trillion tokens, matching its seven-day peak. 

On 9th December, approximately 16,300 addresses interacted with the token, including 4,100 new addresses, which represents an 18.41% increase over the past week.

Source: IntoTheBlock

Engagement from existing holders has also risen, with 9,710 active addresses recorded, reflecting a 24.73% increase in activity. 

Read Pepe’s [PEPE] Price Prediction 2024–2025

Meanwhile, 2,490 zero-balance addresses were recorded, indicating that some users either sold their holdings or reduced exposure to the token. 

This surge in adoption and trading activity reflects the growing popularity of Pepe in the cryptocurrency market.