PEPE Trader Turns $83 Into $79 mn
A single trader managed three interconnected wallets, initially purchasing approximately 6.44 trillion tokens using only 0.041 ETH, equivalent to $83.
The trader’s approach was calculated, holding the entire balance without selling any as PEPE’s value skyrocketed.
Transactions fueled this massive rise were carried out on April 15, 2023, across three separate wallets under the control of a single individual.
The first wallet initiated a transaction on Uniswap V3, exchanged $28 worth of ETH for roughly 2.14 trillion tokens, while the second and third wallets engaged in significant trades on the same platform, swapping $27 worth of ETH for approximately 2 tn tokens and $26 for about 2 tn tokens. Within a year, the value of PEPE tokens surged by 21,564 times.
(With inputs from Shikha Singh)
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