A Trader just turned $462 into a whopping $3.4 million by trading a funny internet meme coin called PEPE.
A Trader just turned $462 into a whopping $3.4 million by trading a funny internet meme coin called PEPE. This coin exploded in value since its launch in April 2023, especially after it got listed on a major exchange, Binance and reached record highs in 2024. In May alone, PEPE’s value shot up by 120%.
Another interesting crypto is PlayDoge (PLAY). This newcomer lets you play games to earn PLAY tokens. It already raised a lot of money before it even officially launched, and with a small market value, it could be a promising investment opportunity.
PEPE To Profit: A Strategic Move
Our trader liked PEPE early on and bought a massive amount, 324.9 billion tokens, for just 0.22 ETH on April 15, 2023. They then made some smart sales: 42 billion frog memecoins in July 2023 and another 100 billion on May 4th. Finally, they moved the remaining 182.9 billion PEPE to Binance on May 21st, likely to sell them. In the end, their investment grew an incredible 7,368 times in value.
PEPE: A Hot Meme Coin in 2024
PEPE is a meme coin that started strong in 2023, getting listed on Binance quickly. Even though the creators sold some tokens early on, the frog coin community has stayed strong. In 2024, this frog memecoin has been on a tear, reaching new highs above $0.000017, which is a 950% increase this year so far! May has been particularly good for this coin, with its value jumping 120%. This rise is partly due to a popular social media figure, Roaring Kitty, coming back online and the approval of Ethereum ETFs.
PlayDoge: A New Meme Coin with Potential
Some folks like to invest in meme coins from the start before they get big. Take PlayDoge (PLAY) for example. It’s a fresh meme coin but with a twist – it’s tied to a fun play-to-earn mobile game! Even though it’s new, PLAY presale has already brought in over $357,000. At its launch, PLAY is priced at $0.005 and has a small market cap of less than $50 million. If the game takes off, PLAY could become a big deal in the world of meme coins this year.
However, the value of memecoins is largely based on speculation rather than concrete fundamentals. Future prices are unpredictable and highly susceptible to market sentiment. One should do their own research before investing.
