Meme Coins Trading Phenomenon: This Wallet Made $300k From Trading PEPE, BEN, and 2 More Memes
A particular wallet has managed to carve out a niche for itself, amassing an incredible $300,000 from trading meme coins. This wallet’s performance is nothing short of impressive, boasting returns such as:
- 900x on $PEPE
- 800x on $PEPE2.0
- 40x on $BEN
- 10x on $UNIBOT
Let’s delve into the strategy behind these extraordinary gains that was recently shared on Twitter by one crypto analyist.
What you'll learn 👉
The Power of Timing: $PEPE
The wallet’s most significant success story is its investment in $PEPE. As one of the earliest investors (ranking within the top 500), the wallet holder demonstrated an uncanny knack for timing. With an initial investment of just $180 in Ethereum (ETH), the wallet managed to reap over $180,000, a return of 900x.
The wallet holder’s timing was impeccable, managing to hit the peak of the market twice in May. This level of precision in a market as unpredictable as cryptocurrency is truly noteworthy.
Tired of missing hot new listings because your favorite exchange is banned in the US? 🇺🇸
With RocketXchange you can finally trade on Kucoin, ByBit and more without registration or KYC! 🙌
Simply connect your wallet to access every coin. No VPN needed.
Seamlessly bridge between EVM, Solana, Cosmos and 100+ chains. Discover the next crypto gem with low fees.
Take your trading to the next level with:
- Instant access to banned CEXs 🚫
- No KYC required 🙅♂️
- Trade on your terms – no registration required
- Maintain full custody – tokens stay in your wallet
- Access liquidity across leading DEXs and CEXs
- Bridge assets quickly between any blockchain
Escape CEX limits today with RocketXchange!
Show more +Early Bird Gets the Worm: $PEPE2.0
The wallet holder’s second triumph was with $PEPE2.0, a different iteration of the original $PEPE coin. Just like with $PEPE, the wallet holder managed to get in early, investing mere hours after liquidity was added. This early entry placed the wallet within the top 200 investors.
The $PEPE2.0 investment yielded a total of $230,000, with $70,000 realized and $160,000 still unrealized. This represents an 800x return on the initial investment.
Diversification and Risk Management
Beyond $PEPE and $PEPE2.0, the wallet holder also made profitable trades with other tokens:
- 16x on $PLANET
- 38x on $BEN
- 13x on $pepecoin
The wallet holder typically invested between $200 and $300 per token, demonstrating a strategy of diversification and risk management.
A Word of Caution
Despite these impressive wins, it’s important to note that this wallet has a relatively low win rate of 30%. However, the magnitude of the successful trades has been sufficient to offset the losses, leading to an overall profit of over $300,000, even after accounting for a $40,000 loss.
This wallet’s performance offers valuable insights into the potential of meme coin trading. However, those considering copy-trading should proceed with caution. The volatile nature of the cryptocurrency market, coupled with the low win rate, underscores the high-risk, high-reward nature of this investment strategy.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
Thanks 🙏 for the information. Knowing that someone made a whooping amount of money from trading meme coin such as pepe boost my mind and courage the more on crypto business. How do I mimic such achievements?