Trader Converts $2,000 into $43 Million with Pepe Memecoin, Earning $10 Million in Profit-30-03-2025

A savvy cryptocurrency trader turned just over USD 2,000 into more than USD 43 million when the Pepe memecoin reached its all-time high, despite the extreme volatility of the token and the lack of underlying technical value.

The trader achieved an investment return of over 4,700 times with the popular cryptocurrency inspired by the Pepe frog (PEPEUSD), according to blockchain intelligence platform Lookonchain.

"This early investor spent only USD 2,184 to purchase 1.5 billion PEPE (worth USD 43 million at the peak) in the early stage. He later sold 1.02 billion PEPE for USD 6.66 million, keeping 493 million PEPE (USD 3.64 million), resulting in a total profit of USD 10.3 million (4,718x)," Lookonchain wrote in a post on X on March 29.

The trader made over USD 10 million in profit, even though Pepe's price dropped more than 74% from its all-time high of USD 0.00002825 reached on December 9, 2024.

Memecoins are considered some of the most speculative and volatile digital assets, with price action driven largely by internet hype and social sentiment rather than fundamental utility or innovation.

Nevertheless, they have proven capable of generating life-changing returns. In May 2024, another early investor in Pepe turned USD 27 into USD 52 million, achieving a return of 1.9 million times, according to on-chain data.

Memecoins have continued to steal the spotlight, even overshadowing more established altcoins, said Stella Zlatareva, editor at the digital asset investment platform Nexo.