Early Pepe Coin Investor Turned $27 Into $1 Million – Is $WSM the Next Pepe?

Every once in a while a particular crypto asset dominates the headlines and captures the attention of huge numbers of retail investors – often for its simplicity, trendy name and meme appeal.

Back in the 2021 bull run that was Dogecoin and Shiba Inu, meme coins based around a cute Japanese dog breed. More recently a coin named after the Pepe the Frog internet meme achieved the same success. Pepe (PEPE) was launched in mid April 2023 and minted new millionaires even faster than DOGE and SHIB did.

In this post we look at how some early investors managed to net a $1 million profit or more from buying Pepe, and speculate on what the next Pepe coin could be to hit the market. Our top picks include two upcoming meme tokens AiDoge (AI) and Wall Street Memes (WSM) – that are soon to be listed on crypto exchanges after racing through their presales.

From a Small Pepe Coin Investment to $1 Million

Many retail traders will invest $1,000 or less into an altcoin and hope it ‘goes to the moon’ with greater short term upside potential than the big caps like Bitcoin or Ethereum.

That’s exactly what one investor did, buying $27 worth of $PEPE during its initial coin offering (ICO) – at the time that was equivalent to 5.9 trillion tokens. He may have been drawn to how recognizable the Pepe meme was even outside of cryptocurrency, as unlike Dogecoin and Shiba Inu its imagery is popular in political circles as well.

Initially listed on Uniswap and then a slew of centralized crypto exchanges, the Pepe price exploded by over three million percent in three weeks, and even more on some exchanges when its biggest CEX listing was announced – Binance.

The Pepe price has since retraced as Coinbase refused to list Pepe coin – the downside of its political nature, as Coinbase branded it a ‘hate symbol’ – but that over 340,000x increase turned $27 into approximately $1 million for that unknown wallet address, whose incredible gains were tracked on Etherscan.

He wasn’t the only trader to hit the jackpot with Pepe coin – another story featured on
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Author: BeInCrypto Team

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