A savvy crypto investor has reportedly turned a modest $3,000 investment in the popular frog-themed Pepe meme coin into a $73 million profit.Per on-chain data, the investor sold off just over 3 trillion Pepe, pocketing about $27.5 million in the process. However, with 1.88 trillion tokens still held in their wallet, boasting a market value of $45.66 million, their total profit now stands at an eye-popping $73 million.
The sharp price rally allowed the investor to maximize profits before the meme coin’s value dropped, demonstrating a keen understanding of market cycles. At that time, their largest single transaction involved the sale of 100 billion Pepe tokens for $2.8 million. At the time of writing, the meme coin, #23 on the list of highest-capped cryptocurrencies, was trading at $0.00002436, a 4.2% drop from 24 hours ago. However, it is still up 20.7% across seven days and 103.3% over a month.
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