Trading Strategies Result in Massive Profits for PEPE Coin Investors

Using some strategies, traders were able to make huge profits from PEPE coins, increasing their profits more than 1000 times, even though the value of PEPE tokens decreased somewhat. But investors in this meme coin still managed to make millions. Meanwhile Big bookies continue to accumulate PEPE coins as the price starts to back up.

Meme coin traders are making millions

Information from Lookonchain He revealed that James Wynn Meme coin traders made a 1,503 times return on their PEPE investment, with Wynn buying the token in the early days. With just $8,524, you won a total of 2.83 trillion PEPE tokens. When tokens became popular It sold more than half of its coins (1.81 trillion tokens) for $4.57 million.

Since then, the value of the PEPE meme coin has skyrocketed. This has greatly increased the unrealized profit from the tickets remaining in Wynn’s holdings.

Wynn’s total profit from trading PEPE was $12.8 million, but if he held all his coins so far, his profit would be more than $20 million.

According to data from the blockchain research platform, Wynn’s profits do not stop at PEPE, as he also made over $800,000 from trading other meme coins in the past week. He recently bought 5 new coins, 2 of which are still profitable: BOBO and ANDY.

At the time this report was published The trader bought 273 billion tokens of BOBO for $138.263 and made a profit of $430,000 similarly, he bought 4.711 billion tokens of ANDY for $115.493 and made a profit of $338,000.

However, Wynn’s trades were not all coin successful.

PEPE is still being chased by big bookies.

As reported by NewsBTC, the latest data shows that the price of PEPE coin has decreased over the past month. As a result, the number of wallets that hold coins and make a profit decreases. But on the other hand, big bookies continue to collect this coin.

This week, big bookies accumulated a total of 211 billion PEPE tokens from Binance, Gateio, and Uniswap, buying them at an average price of $0.000007291, losing a total of $1.54 million, and the purchase became profitable. Because just a few hours later the price of the coin also jumped 17%.

According to information from Comment on Chain The value of the coins in the collection jumped to $1.72 million, generating $173,000 in unrealized profit as well note that Big bookies continue to accumulate and profit from the PEPE coins they hold.

However, the coin’s trading volume fell by 22.1% over the last 24 hours.

Source: newsbtc

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