Pepe (PEPE) has had an incredible year so far. The Solana-based memecoin has made waves within the cryptocurrency community. The memecoin has quickly climbed the ranks and is currently the 23rd-largest crypto project by market cap, with a valuation of about $10.26 billion.
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Trader Turns $3,000 Into $73 Million
LookOnChain says a trader turned $3,000 into $73 million over a year and a half. On April 15, 2023, the trader purchased 4.91 trillion PEPE for about $3,000. After the asset hit a new all-time high of $0.000028, the trader sold about 100 billion tokens for $2.8 million.
LookOnChain says the trader has sold 3.03 trillion coins for about $27.5 million. The wallet still holds 1.88 trillion coins worth $45.66 million.
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Can You Still Become A Millionaire With Pepe?
Purchasing $3,000 worth of PEPE today will receive about 121,114,251.11 (121.11 million) coins. For 121.11 million coins to be worth $1 million, the price of each token has to reach about $0.00825. Hitting $0.00825 from current price levels will require a rally of about 33,206.42%.
According to Telegaon, PEPE will hit the $0.00825 mark sometime after 2040.
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Changelly analysts are more bullish on PEPE than Telegaon. The platform anticipates the asset hitting the $0.00825 mark sometime in July 2028, about three and a half years from now.
PEPE may also hit the $0.00825 mark much sooner than predicted. The Trump administration may implement lenient crypto regulations over the next four years, and Trump’s pro-crypto stance may lead to an extended bull run this cycle. Under such conditions, the asset could surge to new heights in a very short time.
