As of now, the current price of Pepe [PEPE] stands at $0.00002523, with a trading volume of $13.96 billion in the last 24 hours. Even though there has been a 1.41% decrease in price over the past day, it remains 22.53% higher on the 7-day chart.
The peak price registered for Pepe was $0.00002803, achieved on December 9th. In comparison to this high point, the current price is 10.84% lower.
Within the last 24 hours, PEPE has ranged from $0.00002246 to $0.00002803, while the weekly range has been between $0.00001931 and $0.00002748.
Extraordinary Profits: Investor Nets $73 million from Early Investment
An individual who initially put $3,000 into Pepe in April 2023 has now made impressive returns of $73 million. This investor purchased 4.91 trillion PEPE tokens during the early stages and gradually sold parts of their holdings over time.
Thus far, they have sold 3.03 trillion PEPE for $27.5 million and still retain 1.88 trillion tokens valued at around $45.66 million.
The return on investment for this trader translates to a remarkable 24,656x gain, attracting significant interest within the crypto community.
On December 9, the investor sold an additional 100 billion tokens for $2.8 million, further boosting their overall profits.
Most Holders Report Profitable Returns
According to insights from IntoTheBlock, 96.65% of PEPE holders, amounting to 348,770 addresses, are currently showing profits. This indicates that the majority of holders acquired the token at prices lower than its current valuation.
About 3.34%, or 12,060 addresses, are at the break-even point, having purchased the token at a price close to its current level.
Only 28 addresses, or 0.01%, are experiencing losses, as they bought the memecoin at a price higher than its current market value.
Most holders entered the market when the token was priced between $0.000003 and $0.000023, showcasing significant accumulation before the recent price surges.
Increasing Adoption and Trading Volume
PEPE has seen a notable surge in activity, with 24-hour trading volumes hitting 24.99 trillion tokens, matching its seven-day peak.
On December 9, approximately 16,300 addresses engaged with the token, including 4,100 new addresses, marking an 18.41% increase over the past week.
Engagement from existing holders has also gone up, with 9,710 active addresses recorded, indicating a 24.73% rise in participation.
Simultaneously, 2,490 zero-balance addresses were noted, suggesting that some users may have either sold off their holdings or reduced exposure to the token.
This uptick in adoption and trading activity underscores the escalating popularity of Pepe within the crypto market.