Ramazan Eles 
A savvy meme coin investor has started selling PEPE, the popular meme coin of recent days, for profit.
According to a post by blockchain analysis platform Lookonchain, a trader bought a total of 1.4 trillion PEPE between December 1, 2023, and February 12, 2024. The investor’s total cost was approximately $1.49 million.
PEPE has put on a remarkable performance with the return of Roaring Kitty, the legendary name of the 2021 GameStop craze, and the revival of the meme coin market. According to CoinGecko, the price of PEPE has risen by over 40% in the past week.
According to Lookonchain’s transfer, the trader sold only 10% (140 billion) of his PEPE holdings for a total of $1.57 million in the past few days.
The investor, who still has 1.26 trillion PEPE in his wallet, has a total profit of over $14 million.