{"id":77588,"date":"2023-04-20T17:25:00","date_gmt":"2023-04-20T14:25:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=77588"},"modified":"2025-09-11T00:09:28","modified_gmt":"2025-09-10T21:09:28","slug":"user-turns-260-into-2m-in-a-week-on-the-pepe-meme-token","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/user-turns-260-into-2m-in-a-week-on-the-pepe-meme-token\/","title":{"rendered":"User turns $260 into $2m in a week on the PEPE meme token"},"content":{"rendered":"<p>Analysts at Arkham say the user dimethyltryptamine.eth earned more than $2 million in under a week from trades in the PEPE meme token.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">gm<\/p>\n<p>This is not a bug on our platform<\/p>\n<p>This account really holds its entire net worth in a coin called \u00abPepe\u00bb \u2014 worth about $2M<\/p>\n<p>It purchased the tokens for $260 soon after PEPE launched, and held the position up to a $150M Market Cap. <a href=\"https:\/\/t.co\/7sJTfjZ4T9\">pic.twitter.com\/7sJTfjZ4T9<\/a><\/p>\n<p>\u2014 Arkham (@ArkhamIntel) <a href=\"https:\/\/twitter.com\/ArkhamIntel\/status\/1648981891649884160?ref_src=twsrc%5Etfw\">April 20, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>They recorded purchases of the asset worth $260 immediately<a href=\"https:\/\/u1f987.com\/en\/news\/pepe-meme-token-jumps-217-in-24-hours\"> after deployment<\/a> on April 14 of the corresponding contract. The user continues to hold the position.<\/p>\n<p>According to<a href=\"https:\/\/www.coingecko.com\/en\/coins\/pepe\"> CoinGecko<\/a>, the project&#8217;s market capitalization reached $131.8 million. At its peak the figure was $148.9 million.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u00ab<\/em>This is not a bug on our platform<em>\u00bb<\/em>, Arkham warned, posting a screenshot of dimethyltryptamine.eth&#8217;s asset trajectory.<\/p>\n<\/blockquote>\n<p>Nearly all of the user&#8217;s wealth is concentrated in the aforementioned meme token.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u00abSo far he has sold PEPE for only $8,000 to buy 2 MILADY, LOL\u00bb,<\/em> \u2014 the experts quipped.<\/p>\n<\/blockquote>\n<p>As reported, the MEV-bot<a href=\"https:\/\/u1f987.com\/en\/news\/mev-bot-spent-1-3m-on-gas-to-trade-meme-tokens\"> earned about $1.5 million in PEPE pairs, spending $1.3 million on gas.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analysts at Arkham say a user, dimethyltryptamine.eth, earned more than $2 million in under a week trading the PEPE meme token. A tweet notes that the account really holds its entire net worth in a coin called &#8220;Pepe&#8221; \u2014 worth about $2M. It purchased the tokens for $260 soon after PEPE launched and held the position up to a $150M market cap. Arkham says this is not a bug on our platform.<\/p>\n","protected":false},"author":1,"featured_media":77589,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1161],"class_list":["post-77588","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-memes"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77588","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=77588"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77588\/revisions"}],"predecessor-version":[{"id":77590,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77588\/revisions\/77590"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/77589"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=77588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=77588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=77588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}