PIPPIN token investors turned 26 million won into 5.2 billion won in just two months, a 1,900% return.

Just holding Pipin tokens yielded 20x returns... but haven't cashed out yet.

According to data released today by blockchain analytics platform Lookonchain, a trader identified by the wallet address 'BxNU5a' increased his PIPPIN tokens from $180,000 (KRW 265.5 million) to $3.6 million (KRW 5.3 billion).

According to LookOnChain's monitoring results, the trader invested $180,000 on October 24th to purchase 8.16 million PIPPIN tokens. He has held the position since then, with the current value of the position estimated at $3.6 million. This represents a 20x return on the initial investment, and the investment period was approximately 53 days.

The trader has held onto the entire amount since purchasing it, never selling it. The current value of $3.6 million represents unrealized gains, meaning no actual cash has been liquidated. On-chain data shows no record of selling Pippin tokens from the wallet between October 24th and today.

LookOnChain reported that the trader increased his investment from $180,000 to $3.6 million in less than two months, representing a 1,900% (20x) return. The wallet currently holds 8.16 million Pippin tokens, the same amount as when he purchased them.

Joohoon Choi joohoon@blockstreet.co.kr