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Coin Telegraph

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Image Credit: Coin Telegraph

Crypto trader turns $2K PEPE into $43M, sells for $10M profit

  • A cryptocurrency trader turned $2,000 into over $43 million by investing in the memecoin Pepe at its peak valuation.
  • The trader achieved a 4,718x return on investment, selling a portion of their holdings for $6.66 million and realizing a $10.3 million profit.
  • Pepe's price fell over 74% from its peak, but the trader still made a significant profit.
  • Memecoins like Pepe are highly speculative assets driven by online enthusiasm, not fundamental utility.

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