88 addresses profit over $1 million on PEPE—timing isn't everything when trading MEMEs
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88 addresses profit over $1 million on PEPE—timing isn't everything when trading MEMEs
Is $PEPE too 'old' now? Should we still pay attention?
Navigating Web3 tides with focused insightsAuthor: Candlestick
Translated by: TechFlow
$PEPE is the only non-dog-themed meme coin among the top 40 cryptocurrencies by market cap. We have identified 88 addresses that have made over $1 million in profit from $PEPE.
On March 6, $PEPE became the only non-dog-themed meme coin within the top 40 by market cap, surging 981,171 times in price within a year. Below are the related statistics.
88 addresses made over $1 million on $PEPE—does this mean you must enter early?
We analyzed 88 addresses that earned over $1 million in profit from $PEPE. Here’s what we found:
1. Early participants had an advantage
40% of the addresses that made $1 million entered the market within the first week after $PEPE's initial liquidity pool was created.
2. Mid-entry still offered opportunities
23 traders (26%) established their positions more than six months after launch and still successfully earned over $1 million in profit.
3. Holding was key
67% (59 addresses) held for over 100 days. 35% (31 addresses) held for over 300 days and are still holding.
Examine the address visible in the top right corner of the chart above. This address held for over 350 days and earned more than $30 million in profit.
This trader lost $276,000 across seven other investments outside of PEPE last year. However, with PEPE, they turned $3.15 million into over $30 million in profit, sold $1.5 million, and transferred $800,000 to another address. The address still holds 3.9T $PEPE (worth $30 million), achieving a return on investment (ROI) of 9.8x.
$PEPE is now 'mature'—should we still pay attention?
After analyzing 31 profitable traders among the top 200 $PEPE holders active in the past 30 days, here is additional insight:
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Top traders are still accumulating. 10 addresses (32%) added more $PEPE to their holdings.
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21% of the top 200 addresses (9 traders) have never sold any $PEPE.
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