Achieve Millionaire Status by Investing $1000 in July 2023
Memecoins like Dogecoin, Shiba Inu, and Pepe coin have seen incredible rises in value, turning early investors into millionaires. One trader, known as “IB_JUNIOR,” discovered Pepe coin in April and saw his investment grow 1000X within 24 hours. He held onto his investment and turned it into millions with over 4000% returns. Another anonymous trader turned $250 worth of Pepe coin into $1.02 million.
Despite the end of a massive rally in early May, investors are still investing in Pepe coin. One trader spent 141 ETH, worth around $265k, to buy 173 billion tokens and transferred 690 billion tokens worth $1.05 million to a safe wallet. They spent a total of 536 ETH ($1.04 million) to buy 613 billion PEPE tokens between June 14 and July 11. Pepe coin has gained nearly 70% in that time period, leading to hope that it will explode in value again. However, retail investors should be cautious as whale wallets are known for pumping a token only to sell off.
It’s important to note that while Pepe coin has been a popular token for quick profits, it does not have any real-world use cases and lacks adoption as a real currency. Investors should be cautious before making a decision. At the time of writing, Pepe coin was trading at $0.00000154, with a 1.6% increase in the last 24 hours.