PEPE, one of the popular tokens of recent weeks, has seen an increase of 600% since its launch.
This increase in PEPE has also enabled investors who make smart investments to make big profits.
Popular cryptocurrency data provider Lookonchain says a smart investor made $1.71 million from trading PEPE.
Stating that an investor bought 4T PEPE at a cost of 2.1 Ethereum (ETH) (worth about $ 4,410), Lookonchain stated that this person earned $ 1.71 million.
“A SmartMoney purchased 4T PEPE at a cost of 2.1 ETH (worth $4,410) and earned approximately $1.71M!
After every price increase in PEPE, he sold some of his PEPE instead of selling it all.
It sold a total of 3.27T PEPE for $906k and currently holds 700 billion PEPE ($808,000 worth) of PEPE.
And this guy also traded a lot of meme tokens."
Examining the trading strategy of this investor, Lookonchain wrote that the BULL tokens he bought at $ 0.00075 are currently $ 0.0045, making a 500% profit.
Lookonchian also stated that this investor bought BABYPEPE for $0.00000000024 and this investment increased by 415%.
Lastly, Lookonchain stated that this smart investor also purchased meme tokens such as WSB, V, IKUN and PIPI in addition to PEPE, BULL and BABYPEPE.
*Not investment advice.