{"id":605108,"date":"2024-04-25T18:30:33","date_gmt":"2024-04-25T18:30:33","guid":{"rendered":"https:\/\/wncen.com\/?p=605108"},"modified":"2024-04-25T15:12:11","modified_gmt":"2024-04-25T15:12:11","slug":"1503x-profit-how-a-memecoin-trader-made-13-million-with-pepe","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/1503x-profit-how-a-memecoin-trader-made-13-million-with-pepe\/","title":{"rendered":"1,503x Profit: How A Memecoin Trader Made $13 Million With PEPE"},"content":{"rendered":"<p style=\"font-weight: 400\">A strategic trader has made the most of his money after making over 1,000x profit with PEPE. \u00a0Despite the recent frog-themed token slump, the memecoin investor gained millions. Similarly, whales have continued accumulating PEPE while it resumes its upward trajectory.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/solana\/solana-meme-coin-massacre-12-projects-gone-in-30-days-27-million-vanished\/\" target=\"_blank\" rel=\"noopener \">Solana Meme Coin Massacre: 12 Projects Gone In 30 Days, $27 Million Vanished<\/a><\/div>\n<h2 style=\"font-weight: 400\">Memecoin Trader Makes Millions<\/h2>\n<p style=\"font-weight: 400\">According to Lookonchain data, a memecoin trader named James Wynn multiplied its PEPE investment by 1,503. Wynn bought the token in its earlier stages, acquiring 2.83 trillion PEPE for $8,524. When the token started gaining momentum, he sold over half his holdings, 1.81 trillion tokens, for $4.57 million.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">jwynn.eth(<a href=\"https:\/\/twitter.com\/JamesWynnReal?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@JamesWynnReal<\/a>) &#8211; A smart trader who made $12.8M(1,503x) on <a href=\"https:\/\/twitter.com\/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$PEPE<\/a>.<\/p>\n<p>He also traded <a href=\"https:\/\/twitter.com\/search?q=%24BOBO&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BOBO<\/a> and <a href=\"https:\/\/twitter.com\/search?q=%24ANDY&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$ANDY<\/a> recently, making another $818K!<\/p>\n<p>1\/ Let\u2019s dig into his trades.\ud83d\udc47 <a href=\"https:\/\/t.co\/2vOkjObVPr\" rel=\"nofollow\">pic.twitter.com\/2vOkjObVPr<\/a><\/p>\n<p>&mdash; Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/66954653?ref_src=twsrc%5Etfw\" rel=\"nofollow\">April 24, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"font-weight: 400\">After the frog-themed memecoin became a market sensation, the trader\u2019s unrealized profits on his remaining bag exponentially increased. Currently, Wynn holds 1.02 trillion PEPE in three wallets worth $8.25 million.<\/p>\n<p style=\"font-weight: 400\">The trader\u2019s total profits from PEPE total $12.8 million. However, if he had held onto his tokens, the gains would have exceeded $20 million.<\/p>\n<p style=\"font-weight: 400\">Per the blockchain research platform, Wynn\u2019s feat doesn\u2019t end with PEPE. He has also made over $800,000 trading other <a href=\"https:\/\/wncen.com\/news\/solana-memecoin-wif-bonk-explode-by-double-digits\/\" target=\"_blank\" rel=\"noopener \">memecoins<\/a> over the week. He recently bought five tokens, two of which remain profitable: BOBO and ANDY.<\/p>\n<p style=\"font-weight: 400\">At the time of the report, the trader bought over 273.62 billion BOBO for $138.263, making a profit of $430,000. Similarly, he acquired 4.711 billion ANDY for $115.493, gaining over $338,000.<\/p>\n<p style=\"font-weight: 400\">Nonetheless, not all of Wynn\u2019s trades resulted in success. According to the X post, the trader has a 45% success rate, gaining over $13.7 million with nine memecoins and losing around $350,000 on eleven tokens, including some rug pulls.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-605118 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/GL51S2kbgAAIJR0.png?w=860&#038;resize=860%2C618\" alt=\"pepe, memecoins\" width=\"860\" height=\"618\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/GL51S2kbgAAIJR0.png?w=3479 3479w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/GL51S2kbgAAIJR0.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/GL51S2kbgAAIJR0.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/GL51S2kbgAAIJR0.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/GL51S2kbgAAIJR0.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/GL51S2kbgAAIJR0.png?w=2048 2048w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/GL51S2kbgAAIJR0.png?w=120 120w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/GL51S2kbgAAIJR0.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/GL51S2kbgAAIJR0.png?w=1140 1140w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/GL51S2kbgAAIJR0.png?w=3000 3000w\" sizes=\"auto, (max-width: 860px) 100vw, 860px\"><\/p>\n<pre style=\"text-align: center\">Breakdown of the 20 tokens traded by Wynn. Source: <a href=\"https:\/\/twitter.com\/lookonchain\/status\/66954653\" target=\"_blank\" rel=\"noopener nofollow\">Lookonchain<\/a><\/pre>\n<h2 style=\"font-weight: 400\">Whales Go On PEPE Buying Spree<\/h2>\n<p style=\"font-weight: 400\">As <a href=\"https:\/\/wncen.com\/meme-coins\/69-pepe-holders-left-profits-25-plunge\/\" target=\"_blank\" rel=\"noopener \">reported<\/a> by NewsBTC, recent data showed that PEPE\u2019s price decline over the last month has reduced the number of addresses carrying gains. However, this has not stopped whales from accumulating the token.<\/p>\n<p style=\"font-weight: 400\">This week, a whale accumulated 211.6 billion PEPE from Binance, Gateio, and Uniswap. The address bought the tokens at an average of $0.000007291, spending $1.54 million. The buying spree turned profitable as, some hours later, the token\u2019s price increased by 17%.<\/p>\n<p style=\"font-weight: 400\">According to Spot On Chain, the holdings\u2019 worth <a href=\"https:\/\/twitter.com\/spotonchain\/status\/21779335?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E21779335%7Ctwgr%5E1fa296866a1a366fbe68667db93a1dcb10e069e4%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fnulltx.com%2Fpepe-pepe-surges-amidst-whale-activity-gains-momentum-in-crypto-market%2F\" target=\"_blank\" rel=\"noopener nofollow\">surged<\/a> to $1.72 million, making $173,000 in unrealized profits. Other <a href=\"https:\/\/x.com\/pepewhalealerts\/status\/22213431\" target=\"_blank\" rel=\"noopener nofollow\">reports<\/a> suggest that whales have continued accumulating and taking profits from their PEPE holdings.<\/p>\n<p style=\"font-weight: 400\">However, the token\u2019s market activity decreased by 22.1% in the last 24 hours, with a $1.2 billion daily trading volume. PEPE\u2019s market capitalization has also dropped 1.58%.<\/p>\n<p style=\"font-weight: 400\">Despite this, the token has regained its spot as the third largest memecoin by this metric, as dogwifhat (WIF) lost 13.88% of its market cap on the last day. It\u2019s worth noting that WIF <a href=\"https:\/\/wncen.com\/news\/dogwifhat-wif-flips-pepe-as-the-3rd-largest-memecoin-after-hitting-4\/\" target=\"_blank\" rel=\"noopener \">flipped<\/a> PEPE on March 28 after becoming the newest sensation in the crypto market.<\/p>\n<p style=\"font-weight: 400\">As of this writing, PEPE is changing hands for $0.000007821, representing an 11.4% drop in the monthly timeframe. Nonetheless, the token continues recovering, registering a 52.2% surge in the last seven days.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/floki-and-bonk-drop-5-after-revolut-listing-announcement\/\" target=\"_blank\" rel=\"noopener \">FLOKI And BONK Drop 5% After Revolut Listing Announcement<\/a><\/div>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-605115 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/PEPEUSDT_2024-04-25_08-28-40.png?w=860&#038;resize=860%2C410\" alt=\"PEPE, PEPEUSDT, memecoin\" width=\"860\" height=\"410\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/PEPEUSDT_2024-04-25_08-28-40.png?w=1077 1077w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/PEPEUSDT_2024-04-25_08-28-40.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/PEPEUSDT_2024-04-25_08-28-40.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/PEPEUSDT_2024-04-25_08-28-40.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/PEPEUSDT_2024-04-25_08-28-40.png?w=750 750w\" sizes=\"auto, (max-width: 860px) 100vw, 860px\"><\/p>\n<pre style=\"text-align: center\">PEPE's recovery in the seven-day chart. Source: PEPEUSDT on <a href=\"https:\/\/www.tradingview.com\/x\/wD92fHAf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/pre>\n<div class=\"disclaimer-shortcode\">Featured Image from Unsplash.com, Chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A strategic trader has made the most of his money after making over 1,000x profit with PEPE. \u00a0Despite the recent frog-themed token slump, the memecoin investor gained millions. Similarly, whales have continued accumulating PEPE while it resumes its upward trajectory. Related Reading: Solana Meme Coin Massacre: 12 Projects Gone In 30 Days, $27 Million Vanished Memecoin Trader Makes Millions According to Lookonchain data, a memecoin trader named James Wynn multiplied its PEPE investment by 1,503. Wynn bought the token in its earlier stages, acquiring 2.83 trillion PEPE for $8,524. When the token started gaining momentum, he sold over half his holdings, 1.81 trillion tokens, for $4.57 million. jwynn.eth(@JamesWynnReal) &#8211; A smart trader who made $12.8M(1,503x) on $PEPE. He also traded $BOBO and $ANDY recently, making another $818K! 1\/ Let\u2019s dig into his trades.\ud83d\udc47 pic.twitter.com\/2vOkjObVPr &mdash; Lookonchain (@lookonchain) April 24, 2024 After the frog-themed memecoin became a market sensation, the trader\u2019s unrealized profits on his remaining bag exponentially increased. Currently, Wynn holds 1.02 trillion PEPE in three wallets worth $8.25 million. The trader\u2019s total profits from PEPE total $12.8 million. However, if he had held onto his tokens, the gains would have exceeded $20 million. Per the blockchain research platform, Wynn\u2019s feat doesn\u2019t end with PEPE. He has also made over $800,000 trading other memecoins over the week. He recently bought five tokens, two of which remain profitable: BOBO and ANDY. At the time of the report, the trader bought over 273.62 billion BOBO for $138.263, making a profit of $430,000. Similarly, he acquired 4.711 billion ANDY for $115.493, gaining over $338,000. Nonetheless, not all of Wynn\u2019s trades resulted in success. According to the X post, the trader has a 45% success rate, gaining over $13.7 million with nine memecoins and losing around $350,000 on eleven tokens, including some rug pulls. Breakdown of the 20 tokens traded by Wynn. Source: Lookonchain Whales Go On PEPE Buying Spree As reported by NewsBTC, recent data showed that PEPE\u2019s price decline over the last month has reduced the number of addresses carrying gains. However, this has not stopped whales from accumulating the token. This week, a whale accumulated 211.6 billion PEPE from Binance, Gateio, and Uniswap. The address bought the tokens at an average of $0.000007291, spending $1.54 million. The buying spree turned profitable as, some hours later, the token\u2019s price increased by 17%. According to Spot On Chain, the holdings\u2019 worth surged to $1.72 million, making $173,000 in unrealized profits. Other reports suggest that whales have continued accumulating and taking profits from their PEPE holdings. However, the token\u2019s market activity decreased by 22.1% in the last 24 hours, with a $1.2 billion daily trading volume. PEPE\u2019s market capitalization has also dropped 1.58%. Despite this, the token has regained its spot as the third largest memecoin by this metric, as dogwifhat (WIF) lost 13.88% of its market cap on the last day. It\u2019s worth noting that WIF flipped PEPE on March 28 after becoming the newest sensation in the crypto market. As of this writing, PEPE is changing hands for $0.000007821, representing an 11.4% drop in the monthly timeframe. Nonetheless, the token continues recovering, registering a 52.2% surge in the last seven days. Related Reading: FLOKI And BONK Drop 5% After Revolut Listing Announcement PEPE&#8217;s recovery in the seven-day chart. Source: PEPEUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com<\/p>\n","protected":false},"author":614,"featured_media":605110,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[89756,85073,88145,88246,88719,88188,91826],"class_list":["post-605108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto-trader","tag-memecoin-mania","tag-pepe","tag-pepe-the-frog","tag-pepe-whales","tag-pepeusdt","tag-top-memecoins"],"acf":[],"yoast_head":"\n<title>1,503x Profit: Memecoin Trader Made $13 Million With PEPE<\/title>\n<meta name=\"description\" content=\"While whales go on a buying spree, a trader turned less than $10,000 in $13 million with PEPE as the token recovers from it&#039;s recent slump.\" \/>\n<meta name=\"robots\" content=\"index, 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Garcia\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/1a5c5c83a8ac34388cefe7d0e708bab3?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/1a5c5c83a8ac34388cefe7d0e708bab3?s=96&d=mm&r=g\",\"caption\":\"Rubmar Garcia\"},\"description\":\"Rubmar is a writer and translator who has been a crypto enthusiast for the past four years. Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. 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