Tech
PEPE Coin Trader Who Minted Huge 107,000X Gain Shifts Focus to Different Tokens
A cryptocurrency trader who has earned a lot 107,000X the return from investing in PEPE has now diversified his portfolio. According to relationship“dimethyltryptamine.eth,” accumulated WOJAK coins by selling MOG tokens, once again attracting attention.
The tension in the market is due to the trader’s remarkable record of turning $251 into $26.9 million through trading Pepe coins. Therefore, the sale of MOG and the accumulation of WOJAK tokens in the last 24 hours could influence investor sentiment.
“dimethyltryptamine.eth” stacks WOJAK, is it the next gem?
Guardaonchain data revealed that this trader sold MOG tokens to buy 200 million WOJAK in 24 hours on the Uniswap exchange. While PEPE and WOJAK have rallied over the past 24 hours, MOG price has also increased massively. So the traders’ decision to sell MOG coins is quite intriguing.
According to past activity revealed by Lookonchain, the trader spent just 0.125 ETH worth $251 to purchase 5.9 trillion PEPE. He subsequently sold 3.95 trillion coins for 2.505 ETH worth $4.7 million and currently holds 2 trillion Pepe coins worth $22.2 million.
Based on the successful strategy with PEPE, “dimethyltryptamine.eth”, the decision to acquire WOJAK tokens seems to indicate an imminent price increase.
Wojak, Pepe Coin and Mog Coin make money by creating more millionaires than Meme Coin
Most altcoins have rallied in the last 24 hours based on several factors, including positive investor sentiment. The price of WOJAK is equal to $0.0007489, up 67.3% in the last 24 hours. PEPE rallied 32.1% and MOG by 59.1% in the same period of time.
These price increases have allowed more investors to earn higher returns after purchasing these coins at low prices and holding them to date.
According to Lookonchain data, PEPE has reached a new all-time high. As a result, another trader turned his $83 investment in PEPE into $79.4 million by purchasing and holding the tokens. This trader made profits equal to 958,580 times the original investment.
Apart from PEPE, an address called “mogillionaire.eth” he also made huge profits by holding MOG coins. Lookonchain revealed that the investor spent 8.8 ETH worth $16,000 to purchase 3.37 trillion MOG at the time.
The investor had registered the domain name “mogillionaire.eth” indicates high hopes of becoming a millionaire with MOG. Surprisingly, the trader became a millionaire seven months later on February 27, 2024.
However, the sale of MOG tokens by “dimethyltryptamine.eth” has left many investors wondering whether there will be an imminent drop.
The good news amidst the speculations is that the cryptocurrency market has shown tremendous improvements in the last 24 hours due to several factors. These factors include the resurgence of Bitcoin, lower inflation rates, and surrounding speculation Spot ETF on Ethereum.
Bitcoin is trading above $70,000 as it approaches its all-time high of $73,737. If market conditions remain favorable, most altcoins will rise based on positive investor sentiment.
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