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Pepe (PEPE), one of the largest memecoins, has broken its all-time price record.
According to a share from blockchain analysis platform Lookonchain, a trader has achieved the near-impossible by multiplying their money by 958,580 times.
Blockchain data shows that three wallets belonging to the same person spent a total of only 0.041 Ethereum ($83) to buy 6.44 trillion PEPE in April 2023, when the token was launched.
PEPE, an Ethereum-based token, is inspired by the “Pepe the Frog” meme.
The value of the PEPEs held by the investor, who has never sold any until now, has risen to $79.4 million.
According to TradingView data, PEPE has gained approximately 30% in value over the week.