{"id":22571,"date":"2025-03-31T14:17:42","date_gmt":"2025-03-31T11:17:42","guid":{"rendered":"https:\/\/forklog.com\/en\/trader-turns-2184-into-6-66-million-with-pepe-long\/"},"modified":"2025-03-31T14:17:42","modified_gmt":"2025-03-31T11:17:42","slug":"trader-turns-2184-into-6-66-million-with-pepe-long","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/trader-turns-2184-into-6-66-million-with-pepe-long\/","title":{"rendered":"Trader Turns $2,184 into $6.66 Million with PEPE Long"},"content":{"rendered":"<p>An unidentified trader achieved a 4,718-fold profit by investing in the meme coin Pepe. The individual purchased 1.5 trillion PEPE for $2,184 and sold 1.02 trillion PEPE for $6.66 million, resulting in a total profit of $10.3 million, according to Lookonchain.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">A <a href=\"https:\/\/twitter.com\/search?q=%24PEPE&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$PEPE<\/a> OG sold 150B <a href=\"https:\/\/twitter.com\/search?q=%24PEPE&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$PEPE<\/a>($1.14M) again 5 hours ago.<\/p>\n<p>This OG spent only $2,184 to buy 1.5T <a href=\"https:\/\/twitter.com\/search?q=%24PEPE&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$PEPE<\/a>($43M at the peak) in the early stage.<\/p>\n<p>He sold 1.02T <a href=\"https:\/\/twitter.com\/search?q=%24PEPE&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$PEPE<\/a> for $6.66M, leaving 493B <a href=\"https:\/\/twitter.com\/search?q=%24PEPE&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$PEPE<\/a>($3.64M), with a total profit of $10.3M(4,718x).<a href=\"https:\/\/t.co\/tyzLr10sGj\">https:\/\/t.co\/tyzLr10sGj<\/a> <a href=\"https:\/\/t.co\/FD6fFpyqCi\">pic.twitter.com\/FD6fFpyqCi<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1905971602719916055?ref_src=twsrc%5Etfw\">March 29, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>At its peak on December 9, 2024, the position was valued at $43 million. At that time, PEPE had risen to $0.00002825, but has since fallen to $0.00000684.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"633\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1488-1024x633.png\" alt=\"1-1488\" class=\"wp-image-255323\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1488-1024x633.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/1-1488-300x186.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/1-1488-768x475.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/1-1488.png 1211w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Daily chart of PEPE\/USDT on Binance. Data:<a href=\"https:\/\/www.tradingview.com\/chart\/VOr1bq2L\/?symbol=BINANCE%3ABTCUSDT\"> TradingView<\/a>.<\/figcaption><\/figure>\n<p>After partially securing profits, the long position was reduced to 493 billion PEPE ($3.64 million).<\/p>\n<p>In a conversation with<a href=\"https:\/\/cointelegraph.com\/news\/crypto-trader-turns-2k-into-43m-with-pepe-sells-for-10m-profit\"> Cointelegraph<\/a>, Radix founder Dan Hughes noted that meme coins generally do not accumulate external capital <em>\u2014<\/em> instead, existing capital &#8220;flows&#8221; from one asset to another.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;Even in the case of TRUMP, most of the incoming liquidity was driven by outflows from other coins. Users sold their portfolios to buy the &#8216;presidential token&#8217; amid extreme <\/em><a href=\"https:\/\/ru.wikipedia.org\/wiki\/%D0%91%D0%BE%D1%8F%D0%B7%D0%BD%D1%8C_%D0%BF%D1%80%D0%BE%D0%BF%D1%83%D1%81%D1%82%D0%B8%D1%82%D1%8C_%D0%B8%D0%BD%D1%82%D0%B5%D1%80%D0%B5%D1%81%D0%BD%D0%BE%D0%B5\"><em>FOMO<\/em><\/a><em>,&#8221;<\/em> <em>he added.<\/em><\/p>\n<\/blockquote>\n<h2 class=\"wp-block-heading\"><strong>Meme Coins <\/strong><em>\u2014<\/em><strong> A Casino?<\/strong><\/h2>\n<p>CEO of River Financial and Bitcoin maximalist Alex Leishman warned that exchanges listing altcoins doom themselves to an endless cycle of launching meme coins. According to him, if <span data-descr=\"centralized platforms\" class=\"old_tooltip\">CEX<\/span> includes ETH and SOL among available assets, it &#8220;makes no sense&#8221; to ignore coins from these ecosystems.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">There are two paths for a crypto exchange\/brokerage:<\/p>\n<p>1. Bitcoin-only path \u2014 focus on helping people build and preserve long term wealth through hard money. This path leads to an exchange looking more like a &#8220;bank&#8221; long term.<\/p>\n<p>2. Multi-asset trading platform \u2014 add as many coins\u2026<\/p>\n<p>\u2014 Alexander Leishman ?? (@Leishman) <a href=\"https:\/\/twitter.com\/Leishman\/status\/1906072961984950692?ref_src=twsrc%5Etfw\">March 29, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;Once a platform adds a non-Bitcoin token, it signs up for an eternal &#8216;hamster wheel&#8217; of meme coins,&#8221;<\/em> <em>he pointed out.<\/em><\/p>\n<\/blockquote>\n<p>The entrepreneur is convinced that such exchanges prioritize short-term speculation over wealth accumulation.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;The casino business model is built on extracting maximum money from clients, while a Bitcoin-only model aims to help people build long-term wealth,&#8221;<\/em> <em>he explained.<\/em><\/p>\n<\/blockquote>\n<p>Previously, Messari<a href=\"https:\/\/u1f987.com\/en\/news\/trading-volumes-of-meme-tokens-on-dex-reach-annual-low\"> highlighted<\/a> a decline in meme coin trading volumes on DEX to an annual low.<\/p>\n<p>Bernstein <a href=\"https:\/\/u1f987.com\/en\/news\/bernstein-predicts-liquidity-shift-from-meme-coins-to-defi-and-nfts\">forecasted<\/a> a liquidity shift from the sector to DeFi and NFTs. Experts believe that the waning hype around &#8220;funny coins&#8221; will positively impact stablecoins and RWA.<\/p>\n<p>In an exclusive <a href=\"https:\/\/u1f987.com\/en\/news\/from-hamsters-to-whales-why-ai-linked-meme-tokens-have-taken-off\">article<\/a>, ForkLog examined the phenomenon of AI-related meme tokens&#8217; popularity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An unidentified trader achieved a 4,718-fold profit by investing in the meme coin Pepe. The individual purchased 1.5 trillion PEPE for $2,184 and sold 1.02 trillion PEPE for $6.66 million, resulting in a total profit of $10.3 million, according to Lookonchain. A $PEPE OG sold 150B $PEPE($1.14M) again 5 hours ago. This OG spent only [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22570,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1227,1161,1138],"class_list":["post-22571","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-transactions","tag-memes","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"71","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/22571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=22571"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/22571\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/22570"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=22571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=22571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=22571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}