Blockchain tracker Lookonchain has noticed an Ethereum (ETH) deal with that managed to flip $251 into potential earnings of over $1 million on a brand new trending meme coin.
Lookonchain says the dealer, who has but to shut out his place at time of writing, has made about 4,500x on his principal funding by going lengthy on PEPE, a coin impressed by the well-known “Pepe the Frog” memes.
In response to DexTools, PEPE ran up greater than 640,000% from its launch worth, and is at present buying and selling at $0.000000328, about 10% down from its all-time excessive.
Says Lookonchain,
“The SmartMoney is the luckiest man I’ve seen not too long ago.
He spent 0.125 ETH ($251) to purchase 5.9T PEPE ($1.14M at present) 4 days in the past.
If he sells on the present worth of $0.0000001933, he’ll get a revenue of ~$1.14M, greater than 4,500x.”
PEPE has managed to crack its manner into the highest 250 crypto belongings by market cap, and is at present the best-performing coin within the final 24 hours inside the prime 250.
Lookonchain says a gaggle of Ethereum addresses have been displaying impeccable talents to seize meme coin explosions.
“You is perhaps enthusiastic about these 4 SmartMoneys.
They purchased PEPE and AIDOGE earlier and have achieved 10x+ positive aspects to date.
Comply with these addresses to see what MEME cash they are going to purchase subsequent.”
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Featured Picture: Shutterstock/your/dTosh