PEPE is the only non-dog meme coin among the top 40 in market capitalization. We have identified 88 addresses that have earned over $1 million from $PEPE.
On March 6th, $PEPE became the only non-dog meme coin in the top 40 by market capitalization, with its price increasing by 981,171 times in one year. Here are the relevant statistics.
With 88 addresses earning over $1 million from $PEPE, is it necessary to get in early?
We surveyed the 88 addresses that have earned over $1 million in profit from $PEPE, and here are our findings:
1. Early participants have an advantage.
40% of the addresses earning $1 million in profit entered the market in the first week after the first liquidity pool was created for $PEPE.
2. There’s still a chance to enter during the mid-game.
23 traders (26%) established positions after the first 6 months and still managed to profit $1 million.
3. Holding is key.
67% (59 addresses) held for over 100 days. 35% (31 addresses) held for over 300 days and are still holding.
Looking at the address in the top right corner of the graph, it has been holding for over 350 days and has made over $30 million in profit.
The trader incurred losses of $276,000 on 7 other investments outside of PEPE last year. But with PEPE, they turned $3.15 million into over $30 million in profit, sold $1.5 million, and sent $800,000 to another address. The address still holds 3.9 trillion $PEPE ($30 million), with an ROI of 9.8 times.
PEPE may be ‘old’, but should we still pay attention?
After surveying 31 profitable traders among the top 200 active $PEPE holders in the last 30 days, here is more information:
- Top traders are still accumulating. 10 addresses (32%) have added more $PEPE to their holdings.
- 21% of addresses in the top 200 (9 traders) have never sold.
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