After Pepe Generated 7000X Gains, This New Frog Meme Coin Has Raised Over $11M Through Its ICO
The post After Pepe Generated 7000X Gains, This New Frog Meme Coin Has Raised Over $11M Through Its ICO appeared first on Coinpedia Fintech News
Though Pepe is one of the biggest meme coins today, it was not always that way.
Today, we’ll tell the story of a trader who turned a few hundred dollars into seven figures, and then we’ll explore a new frog-themed token that shows huge potential.
How a Trader Profited $3.4M From $462 With PepeOn a fateful day in April 2023, an unknown crypto trader invested $462 into a frog-themed meme coin with a market cap of just a few million.
But within a couple of weeks, this token, Pepe, had secured a Binance listing and taken the market by storm.
At the time, Pepe’s low valuation meant the trader’s three-figure investment absorbed a sizable share of the liquidity pool.
For $462, he got 324.9 billion Pepe tokens, which would later amount to a life-changing sum of money.
Blockchain sleuth Lookonchain highlighted how this trader pulled off a legendary exit, selling his tokens for a total of $3.4 million in May this year.
That’s a 7,368x gain in just 13 months.
An early buyer of $PEPE deposited all 182.9B $PEPE($2.53M) into #Binance 6 hours ago.
This guy spent 0.22 $ETH($462) to buy 324.9B $PEPE on Apr 15, 2023 and sold it all for $3.4M.
He was lucky enough to turn $462 into $3.4M, a gain of 7,368x!
Address:https://t.co/o4UcGKVHEh pic.twitter.com/zq03iGzcAe
According to Lookonchain, he sold the tokens in three batches.
The first sale was in July 2023, where he sold 42 billion for $65K. Following this, he sold 100 billion on 4 May 2024 for $808K and then sold the remaining 182 billion on 22 May for $2.53 million.
The excitement of seeing $800K in his bank account from the second sale seemed too strong to resist – he had to lock in profits and realize his millionaire status.
These gains reflect the exponential speeds at which meme coin prices can rise.
Pepe launched in peak crypto bear market in April 2023 but steamed forward, powered by investors’ enthusiasm for the project’s playfulness and iconic status.
When the trader sold his final tokens, Pepe was priced at $0.0000011. Had he held another five days, he could have sold at Pepe’s ATH and garnered almost an extra 50% on his money.
Either way, he’ll undoubtedly be pleased with his profits.
Currently, Pepe has a market cap north of $3 billion. As such, the time for such meteoric gains has passed.
Yet traders need not worry. The meme coin market continues to present opportunities for huge gains.
Right now, one of the most promising upcoming projects is the ICO token Pepe Unchained.
Pepe Unchained Presale Surges Past $11M – Could This Make Millionaires Like Pepe?Like Pepe, Pepe Unchained has launched amid a market downturn but has pushed ahead regardless.
The project is conducting an ICO, which gives investors a fair opportunity to buy before it hits the open market. The ICO has raised over $11 million, signalling massive interest.
Yet, it comes as no surprise. Pepe Unchained is far from an average meme coin. It’s building an Ethereum layer 2 blockchain that offers low fees and high speeds.
It’s designed specifically for meme coins and meme coin-related applications. Devs could build something like a meme coin trading app, a meme coin-focused metaverse, or anything else.
Its key features include a block explorer, which is what Lookonchain used to track the Pepe millionaire, a dedicated Ethereum bridge, and a staking mechanism.
Although Pepe Unchained has the same memetic draw as the OG Pepe, its layer 2 utility separates it from all other meme coins.
Analysts are in full support of this. Clay Bro says it could “become the top meme coin.”
He noted that Pepe Unchained is surging ahead in its presale despite other cryptocurrencies struggling recently.
“They are doing something no other presale can. They are doing very, very well,” he said.
Currently, investors can buy Pepe Unchained at a discounted price of $0.0094982.
However, this will rise throughout the ICO, with the next increase in one day.
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