A meme coin trader identified by Lookonchain as Diamond Hand sold 179.2 billion PEPE for $1.97 million USDC, securing a profit of $1.77 million. This also amounts to an ROI of 886%.
The trader’s strategy was simple. He spent more than 200,000 USDC to buy 170.2 billion PEPE in October 2023 and held the token until today.
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This strategy is commonly used in trading. The trader was able to identify a strong trading opportunity and capitalize on it to secure a massive profit.
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