Key Points

• A crypto trader saw 31x gains by holding PEPE for over a year.
• The trader deposited over 356 billion PEPE coins to Kraken today.

On-chain data revealed that a crypto trader saw impressive gains holding PEPE for over a year.

Crypto Trader Sees 31x Gains on PEPE

The crypto trader turned $241,500 into $7.53 million, by holding the coins, according to the latest reports from Lookonchain.

The crypto trader withdrew almost 375.65 billion PEPE coins worth around $241,520 from the Gemini crypto exchange one year ago, on September 20, 2023, as Lookonchain notes.

He sold 19.55 billion PEPE for around $244,000 between February 17 and September 26, 2024, according to the same notes. The most significant sale was worth $2.67 million and was made around three months ago.

Today, the crypto trader deposited almost 356,2 billion PEPE to Kraken, worth over $7,92 million at the deposit time. The trader made two deposits to Kraken today.

The first deposit was of 100 million PEPE coins worth $2,050 and the second was over 156 billion PEPE coins worth $7.29 million.

PEPE’s Recent Price Trajectory

At the moment of writing this article, PEPE has a market cap of $8.63 billion, up by over 1% in the last 24 hours. Earlier, PEPE’s market cap surged above $8.84 billion.

In the past seven days, PEPE recorded a market cap surge of over 10%, from $7.37 billion on November 26, reaching $9.69 billion on December 1.

PEPE recorded a significant ascendant trajectory in the past year, surging by over 1,500%. PEPE’s ATH was reached on November 16, when the digital asset hit a $9.84 billion market cap.

Since its launch in 2023, PEPE saw an impressive price surge of almost 36,000%.

PEPE is a deflationary memecoin that was launched on Ethereum. The digital asset was created as a tribute to the Pepe the Frog Internet meme created by Matt Furie which gained huge popularity in the early 2000s.

In late April to May 2023, the massive price surge of PEPE led to a $1.6 billion market cap for the memecoin.