Trader Nets Over 10,000,000% in Profits on Dogecoin and Shiba Inu Competitor in Just 20 Months: Lookonchain
Blockchain tracker Lookonchain says one savvy crypto trader gained a 10,000,000% profit in less than two years on a Dogecoin (DOGE) and Shiba Inu (SHIB) rival. According to Lookonchain, one anonymous trader turned just $70.40 into $7.06 million in only 20 months by purchasing memecoin Pepe (PEPE) in the early days. “An early buyer who spent only 0.035 ETH ($70.40) to buy 2.61 trillion PEPE ($57.3 million currently) deposited the remaining 189.4 billion PEPE($4.15M) to Kraken [on Thursday]. Even though he sold most of his PEPE early on, he turned $70.40 into $7.06 million – a return of over 100,000x.” Lookonchain also noticed other large Pepe holders realizing massive profits this week. One Pepe trader was spotted realizing a gain of more than 3,018%. “After holding for over a year, this trader turned $241,500 into $7.53 million! This trader withdrew 375.65 billion PEPE ($241,500 at that time) from Gemini on Sept 20th, 2023, and sold 19.55...