How Musk’s ‘Demented Nightmare Fuel’ Meme Revived PEPE Coin
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See what traders are focused on
- Elon Musk’s PEPE meme tweet sparks a flood of user-generated memes.
- A trader turns $3K into $73M with savvy PEPE trades.
- Meme coins, led by PEPE, show gains amid a broader crypto market dip.
Elon Musk’s tweet, which called a Pepe meme “demented nightmare fuel,” sparked a surge of interest in the frog-themed token. The tweet brought forth a wave of bizarre and hilarious user-created Pepe memes, boosting its viral appeal. In a tough crypto market, meme tokens have stood out, and this impact shows PEPE’s resilience and surprising gains.
From $3K to $73M: The Pepe Legend
Crypto sleuth Lookonchain highlighted how one trader turned a $3K investment into a $73M profit. On-chain data shows this anonymous investor bought 4.91 trillion $PEPE tokens in April 2023 for roughly $3,000. The trader has since cashed out 3.03 trillion tokens for $27.5M, racking up profits at the peak of $PEPE’s market cap.
Read also : PEPE Challenges SHIB, Baby Doge Rallies 31%: Meme Coin Market Hits $146 Billion
They recently sold another 100 billion $PEPE for $2.8M and still hold 1.88 trillion tokens worth $45.66M. This impressive run highlights PEPE’s unique position as a…
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