Is Buying PEPE Profitable? This Investor Proves a Profit of $11.7 Million!

Bittime - Cryptocurrencies have always been a topic of interest for investors, especially with various meme coins experiencing significant price spikes. One example is PEPE Token, which recently caused an uproar with its extraordinary price increase. In fact, an investor managed to make a fortune $11.7 million from investing in PEPE, even though he had sold at the lowest point. Let's take a closer look at how this incredible journey of profits came to be.

The Story of $11.7 Million Profit with PEPE Token

Menurut report from Lookonchain, sefruit of the leading analytics platform, an investor crypto recently recorded huge gains after investing in PEPE Token. Interestingly, this investor sold PEPE when the price experienced a decline, which should have been a tipping point for some. However, despite selling PEPE at a lower price, the investor managed to make a profit $11.7 million.

Price BABY had reached an all-time high (ATH) in numbers $0,00002825 about three weeks ago. However, after reaching its peak, the price of PEPE started to fall, which made this investor decide to sell most of his collection. 

Also read: Pepe Coin: Advantages and Disadvantages

Nevertheless, the profits obtained are still very large. In fact, even though he had sold at the lowest point, this investor still continued to buy more PEPE, spending approx $24.5 million to buy 1.42 trillion PEPE in the last week. This shows that he is still very optimistic about PEPE's potential.

PEPE Token: Victory Amid Downturn

PEPE Token not only provides huge profits for one investor, but also attracts the attention of many others. This year, PEPE managed to become one of the most profitable meme coins, with several significant price spikes. After reaching its ATH, despite a 35% price decline, PEPE still shows attractive growth potential.

Also read: $PEPE Price Prediction 2025: Can PEPE Reach $1?

Currently, PEPE price is at $0,00001829, after recording an increase of 4% in the last 24 hours. This shows that even though prices have fallen, PEPE still has a strong attraction for investors.

Increased Trading Volume and Investor Interest

The increase in interest in PEPE can be seen from the very high trading volume. Some time ago, PEPE's trading volume reached $2.13 billion, which indicates high investor activity, including purchases by "whales" (large investors). Additionally, technical indicators suggest the existence of a strong buy zone, which has the potential to push the PEPE price even higher, breaking out of the current downtrend.

What Can You Learn from This Journey?

For those of you who are interested in the world of crypto investment, the story of PEPE Token this can be a valuable lesson. Although meme coins are often considered a speculative asset, PEPE successfully shows that with proper research and understanding of the market, huge profits are not impossible. The year 2024 can indeed be said to be the year for meme coins, and PEPE shows extraordinary potential to continue to grow.

However, as with any crypto investment, it is very importantng to conduct in-depth technical analysis and market research before deciding to invest. Even though PEPE shows strong growth, you still have to be careful and take into account the potential risks that exist.

Conclusion

The investor's story scooped up $11.7 million with investment in PEPE Token shows that even though meme coins are often seen as disreputableeye, they have huge profit potential for investors who dare to take risks and carry out proper analysis. 

With consistent price spikes and high trading volume, PEPE continues to attract the attention of investors, despite price declines. So, is PEPE profitable? For many investors, the answer is yes, as long as it is done with a mature strategy and a good understanding of the crypto market.

FAQ About Pepe Coin

Is Pepe Coin a good investment?

Investment in Pepe Coin is highly speculative and carries high risk. Their value fluctuates greatly, so it is important to do your research before deciding to invest.

Who created Pepe Coin?

Pepe Coin was inspired by the Pepe the Frog meme and was launched in early 2023. Its development was popularized by a Twitter account now known as Zachary Testa.

What will happen to Pepe Coin in the future?

The future of Pepe Coin could be full of potential, depending on how the community and developers can utilize it beyond the meme coin. 

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Reference

Coingape, How PEPE Token Helped a Crypto Investor Earn an Incredible $11.7M?, accessed December 29, 2024.

Author: MF