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$PEPE is in the news as several months ago, an intelligent investor who invested $241,500 in cryptocurrency trading received $7.53 million within a year. Below is an active analysis of the process that attracted the attention of many people in the crypto community.
After holding for over a year, this trader turned $241.5K into $7.53M!
— Lookonchain (@lookonchain) December 3, 2024
This trader withdrew 375.65B $PEPE($241.5K at that time) from #Gemini on Sept 20, 2023, and sold 19.55B $PEPE for $244K between Feb 17 and Sept 26 this year.
Just 2 hours ago, he deposited the remaining… pic.twitter.com/mFTCNs86jj
The Beginning: A Bold Investment
Initially, the trader started unloading 375.65 billion $PEPE tokens from Gemini, as reported on September 20th, 2023. When trading occurred, this amount of tokens was equal to $241.5K. This bold action paved the way for related operations that took place in the following months.
Strategic Selling Brings Returns
In a strategic selling, the $PEPE token holders traded from February to September, 2024. Across this seven months, they gradually sold roughly 19.55 billion tokens in multiple trades. Remarkable for a strategic selling approach, it resulted in revenues of roughly $244,000. The fact that these sales not only fully paid back the investments but also let the holders keep most of their tokens is something quite interesting.
The Final Move: Kraken Deposit
Less than 24 hours ago, the trader dumped the remaining 356.1 billion $PEPE tokens to a Kraken wallet, which is equivalent to $7.28M.
This deposit marks the end of a very special year in holding and trading the stocks.
- 3 Months Ago: The first 375.65 billion $PEPE tokens were withdrawn from Gemini for $241.500.
- February 17 – September 26, 2024: selling 19.55 billion $PEPE tokens and earning $244,000.
- A few hours ago, 100 million $PEPE tokens were transferred to Kraken for $2.05K.
- A few hours ago, the remaining 356.097 billion $PEPE tokens worth $7.29M were transferred to Kraken.
Crypto Community Buzz
This trader’s story has become the focus of discussions across the crypto sphere. The story is a perfect illustration of the fact that investing in cryptocurrencies is a high-stake venture. Through Lookonchain’s analytics, social media highlighted this incredible journey, garnering attention and fascination from traders worldwide.
Lessons for Traders
This success story shows that beginners should be patient, weigh the exits, and not lack information about cryptocurrency. Although such gains are possible, traders must be careful and do their homework before investing.
Considering that $PEPE has recently become a popular topic in cryptocurrencies, this story can inspire many people and simultaneously recall the effectiveness of proper financial planning.