An anonymous investor has made a fortune with $PEPE
The Pepe meme coin has seen a massive price increase. Today, it has so far added another 125.3%, according to recent CoinGeckoNow ranking 40th in market capitalization at an impressive $1.57 billion, $PEPE's surge has defied early skepticism of its potential as another meme-based cryptocurrency.
With a 24-hour trading volume exceeding $1.16 billion, it's clear that $PEPE is gaining serious traction among investors. The May 5 listings of PEPE on high-profile exchanges like Binance and Crypto.com are significant milestones, lending increased legitimacy to the coin and opening it up to a wider pool of potential investors.Arkham also reports that dimethyltryptamine.eth, whose true identity is not publicly known, is the holder of a collection of 12 Milady NFTs, a popular digital art series, which further boosts his digital portfolio.
His tenacious hold on his PEPE tokens, in spite of the significant price increase, highlights a prevalent trend of long-term holding strategies among cryptocurrency investors. However, considering the inherent volatility of the cryptocurrency market, it remains uncertain whether PEPE can sustain its upward trajectory.
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