Written by: Candlestick
Compiled by: TechFlow
PEPE is the only non-dog meme coin in the top 40 market cap. We counted 88 addresses that earned more than $1 million on $PEPE.
On March 6, $PEPE became the only non-Dogecoin Meme in the top 40 market capitalization, and its price increased by 981,171 times in one year. The following are the relevant statistics.
88 addresses have earned more than $1 million on $PEPE. Is it necessary to enter the market as soon as possible?
We investigated 88 addresses that made over $1 million in profits on $PEPE and here are our findings:
1. Early adopters have advantages
40% of the $1 million profit addresses entered the market in the first week of $PEPE’s first pool creation.
2. There is still a chance to enter the field during the halftime break
23 traders (26%) established their positions after the first 6 months and still managed to make a profit of $1 million.
3. Holding on is the key
67% (59 addresses) have held for more than 100 days. 35% (31 addresses) have held for more than 300 days and are still holding.
Studying the address visible in the upper right corner of the above image , this address held for more than 350 days and earned more than $30 million in profits.
The trader lost $276,000 on seven other investments outside of PEPE last year. But on Pepe, they turned $3.15 million into over $30 million in profit, selling $1.5 million and sending $800,000 to another address. The address still holds $3.9T PEPE ($30 million), with a ROI of 9.8x.
$PEPE is 'old', should we still pay attention?
After surveying 31 profitable traders among the top 200 $PEPE holders active in the last 30 days, here’s some more info:
Top traders are still accumulating. 10 addresses (32%) added more $PEPE to their holdings.
21% of the top 200 addresses (9 traders) never sold.
