88 addresses made $1M+ on $PEPE, the only non-dog memecoin in the Top 40 MC.
On Mar. 6, $PEPE became the only meme in the top 40 MC that’s not a dog. Price up 981,171x in 1 year from $0.(10)1.
88 Addresses Made $1M+ on $PEPE. Does It Have to be Early?
We investigated 88 addresses with $1M+ profit on $PEPE and here’s our findings:
1 – Early comers have an edge
40% of the $1M-profit addresses entered $PEPE in its first week since the first pool creation.
2 – There’s still a chance at halftime
23 traders (26%) built their positions after the first 6 months and still managed to make a $1M profit
3 – HODL is the key
67% (59 addresses) held for more than 100 days. 35% (31 addresses) held for more than 300 days, and are still holding.
Let’s zoom in to the address visible in the upper right corner of the chart — the address held 350+ days for $30M+ profit.
The trader lost $276k on 7 other bets but PEPE last year. There they turned $3.15M into more than $30M of profit, sold $1.5M and sent $800k to another address. The address still holds 3.9T $PEPE ($30M) for a 9.8x ROI.
$PEPE Is ‘Old’ - Should We Still Pay Attention?
Here’s more alpha after digging into the 31 profitable traders among the top 200 $PEPE holders active in the last 30 days:
- Top traders are still accumulating. 10 addresses (32%) added more $PEPE to their bags.
- 21% of the top 200 addresses (9 traders) have never sold
