88 PEPE addresses have made profits exceeding one million. Is there no need to rush into Meme investment?
Original author: Candlestick
Original translation: TechFlow
PEPE is the only non-dog meme coin in the top 40 market cap. We counted 88 addresses that made more than $1 million on $PEPE.
On March 6, $PEPE became the only non-Dogecoin meme in the top 40 market cap, with the price rising 981,171 times in one year. Here 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 $1 million in profit.
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 , it held for over 350 days and earned over $30 million in profit.
The trader lost $276,000 on seven other investments outside of PEPE last year. But on Pepe, they turned $3.15 million into more than $30 million in profit, selling $1.5 million and sending $800,000 to another address. The address still holds $3.9 T $PEPE ($30 million), with a ROI of 9.8 times.
$PEPE is 'old', should we still pay attention?
After surveying 31 profitable traders out of 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.
