PEPE Mania: Insider's 375x Rebate

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1,000x Pepe (PEPE) Investor Gets 375x Rebate on New Altcoin

PEPE Gains Are No Joke

The wallet user may be a PEPE insider or use a unique strategy to double PEPE profits up to 375x. They currently hold about $120,544 in PEPE and $5,800 in PEPEC, with the remaining $248,100 in ERC-20 assets spread across Ethereum,

The investor previously made 99 ETH from 0.1 ETH through the PEPE 1.0 investment strategy and executed most of the early PEPE trades on the decentralized exchange Uniswap V3.

New Legislation Reduces Market Manipulation

The price of Meme coins often follows the hype cycle of social media influencers. The creator of the coin initially listed PEPE on decentralized exchanges after launching it on April 14. Mentions of the coin on social platforms have dropped from a peak of 4,000 to 684 in the past seven days.

Given the lack of social media hype, it’s unclear why the 1,000x investor still made 375x.

PEPE’s social mentions have dropped significantly from its peak | Source: LunarCrush

Within two weeks of its launch, the token’s market cap has reached $326 million, or about 0.03% of the total cryptocurrency market cap. Binance’s listing of PEPE and the release of an investment guide further fueled the craze.

Click here for the cryptocurrency investment guide.

One investor invested $27 in PEPE’s initial coin offering and received a 340,000x return, earning $1 million. In May, another trader made $7 million on a $260 investment.

However, meme coins can be manipulated to enrich insiders. South Korea’s Virtual Asset User Protection Act punishes market manipulation and unfair practices. New crypto asset market legislation in Europe forces influencers to disclose any compensation they receive from the projects they promote.

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Large holders of new tokens may not find the liquidity they need to cash out at peak times.

With 1000 times investors cashing out, PEPE's market value remains healthy.

PEPE market value | Source: CoinMarketCap

Currently, there are 125,772 PEPE holders, and the market value of the coin is about $635 million.

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