- A professional trader achieved 4274% gains on MOG and 510% gains on PEPE tokens despite the broader crypto market decline with Bitcoin and Ethereum dropping over 6%.
- The trader invested 138.4 ETH ($262.5K) in 7.1 trillion MOG tokens between August-December 2023, later selling portions for 375 ETH ($1.29M) while retaining 6.3 trillion MOG worth $10.2 million.
- For PEPE, the trader withdrew 515.42 billion tokens worth $861K from KuCoin in 2023, later depositing 95 billion back for $1.08M while keeping 420.42 billion PEPE valued at $4.18 million.
- The trader moved their remaining holdings (6.3 trillion MOG and 420.42 billion PEPE) worth a combined $14.38 million to a new wallet.
Date: Thu, August 02, 2024, 04:51 AM GMT
The cryptocurrency market took a hit yesterday, with top assets like Bitcoin (BTC) and Ethereum (ETH) dropping over 6% due to rising geopolitical tensions. In this bearish market, many investors started booking profits, including a particularly pro trader who made headlines with impressive gains in Mog (MOG) and Pepe (PEPE) memecoins.
In a recent post on X (formerly Twitter), Lookonchain shared details of this impressive trading feat. The trader spent 138.4 ETH (approximately $262.5K) to buy 7.1 trillion MOG between August 20 and December 17, 2023. From May 27 to August 1, 2024, they sold 786 billion MOG for 375 ETH (around $1.29M), leaving them with 6.3 trillion MOG worth $10.2 million.
In addition to their success with MOG, the trader also capitalized on PEPE. They withdrew 515.42 billion PEPE (worth $861K) from KuCoin on May 15 and July 5, 2023. Later, they deposited 95 billion PEPE (valued at $1.08M) back to KuCoin on March 30 and May 24, 2024, leaving them with 420.42 billion PEPE worth $4.18 million.
The trader transferred the remaining 6.3 trillion MOG (valued at $10.2 million) and 420.42 billion PEPE (worth $4.18 million) to a new wallet.
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