Memecoins
How meme coins PEPE and ONDO fueled his fortune!
The world of cryptocurrencies is a world that keeps on giving, if you know how to play your cards well.
Now, one trader has stolen the spotlight with an impressive success story, particularly in meme-based digital assets. In just twelve months, this astute investor turned a $23 million portfolio into an impressive $65 million, raking in an incredible $42 million along the way!
With the cryptocurrency market in turmoil Pepe coin, a beloved frog-themed cryptocurrency, this trader’s impressive earnings have become the talk of the town. But the story doesn’t stop there. Besides the Pepe frenzy, our trader also found gold with ONDO, the governance token of Ondo DAO.
Smart trading in action
According to insights from Lookonchain, a leading blockchain analytics platform, our trader’s journey to riches has been paved with meme coins, specifically Pepe Coin (PEPE). Between November 2, 2023 and February 1, 2024, the trader acquired a staggering 3.97 trillion PEPE tokens, investing 2,434 Ethereum (ETH).
Through astute timing and strategic selling maneuvers, our trader made the most of PEPE’s price surge. By selling 125 billion $PEPE tokens for 350 ETH, equivalent to a whopping $1.27 million, while holding onto 3.84 trillion PEPE tokens worth $56.43 million, the trader demonstrated an ability unrivaled in maximizing profits.
The numbers speak
Lookonchain’s meticulous analysis reveals that trader profits from PEPE alone have skyrocketed to $60 million, representing an astonishing return on investment (ROI) of 1203%.
The triumph of ONDO DAO
Diversifying his portfolio beyond the realm of Pepe Coin, our trader has also had success with ONDO, the governance token of Ondo DAO. Acquiring 7.55 million ONDO tokens for $1.9 million, the trader made strategic sales, reaping a staggering $5.8 million in profits.
Lookonchain insights shed light on ONDO’s remarkable trader ROI of an impressive 288%, further cementing their reputation as a skilled trader.
A tale of two coins
According to the latest market data, Price of PEPE coin has shown signs of a slight retreat, falling 2.66% in the past 24 hours to $0.00001379. Despite this slight decline, PEPE recently jumped to a new all-time high (ATH), defying broader market trends and capturing the imagination of investors around the world.
In stark contrast, ONDO price rose to $1.10, reflecting an impressive 11.29% increase over the past 24 hours. With trading volume skyrocketing 120%, ONDO’s market capitalization now stands at a formidable $1.5 billion, signaling a bullish trajectory for this growing digital asset.
Also check: Shytoshi Kusama hints at Shiba Inu ETF after Ethereum green light: community explodes!
Remember, cryptocurrencies remain a volatile market. Invest responsibly!