Pepe Investor Turned $215 Into $1.06 Million: How Did He Do It?

Pepe (PEPE) had an incredible debut in April 2023. The asset gained mass appeal, and many believed it would be the next Shiba Inu (SHIB). PEPE climbed to an all-time high of $0.00002803 in December of 2024. Early PEPE investors became millionaires after the asset hit an all-time high. Let’s discuss how one trader turned an investment of just $215 into more than $1 million.

How One Pepe Investor Turned $215 Into $1.06 Million

Source: Watcher.GuruSource: Watcher.GuruAccording to a Reddit post by a CoinMarketCap community member, a trader by the name of dimethyltryptamine.eth bought 5.9 trillion PEPE coins for 0.125 Ethereum (ETH), worth around $215. The price of one coin must have been around $0.00000000003644. The address sold 2 trillion PEPE coins for $1.06 million.

The post highlights another Pepe millionaire, who purchased 5.4 trillion coins for 1 ETH, worth around $2100. The address sold 3.42 trillion coins for 929 ETH, making a profit of $1.77 million.

Source: Reddit## Can You Still Make It Big With The Memecoin?

One of the issues with memecoins is that they do not have real-world use cases. Moreover, they are subject to heavy volatility. A key factor for making it big with a memecoin is to enter early and sell when prices are high. Identifying a good project at its early stage is no easy task.

Shiba Inu (SHIB) and Pepe (PEPE) have seen big success stories after their respective debuts. However, their rallies were short-lived. Both have seen drastic price corrections since their peaks. SHIB’s price has fallen by 86.3% from its all-time high of $0.00008616. PEPE’s price has also faced a similar fate. The frog-themed memecoin’s price has dipped by nearly 67% from its peak.

Also Read: Pepe Price Prediction For 2030, 2040, and 2050

Also Read: Pepe Price Prediction For 2030, 2040, and 2050While there is a chance that PEPE will reclaim its all-time high, another massive rally may be unlikely. While it is still possible to make million-dollar returns, the investment may need to be more than just $215.