Just an hour back, a $PEPE “Diamond Hand” traded a significant amount of tokens for $USDC. The $PEPE holder reportedly traded up to 170.2 billion $PEPE coins to get 1.97 million $USDC, making a substantial profit of nearly $1.77M. Lookonchain, a famous on-chain analytics company, disclosed this development on its official social media account on X.
A Devoted $PEPE Holder Buys 1.97M $USDC with $170.2B $PEPE
The analytics provider pointed toward the importance of this move by the “$PEPE Diamond Hand.” As per Lookonchain, the holder traded the respective tokens to make a massive profit. The term “Diamond Hand” denotes an investor who persistently holds onto the assets in their possession irrespective of the volatility. In this way, such holders often realize remarkable gains at the time of noteworthy spikes in the asset value.
Keeping that in view, the respective transaction signifies the volatility and likely high returns in the crypto market. The investor reportedly exercised patience and got handsomely paid off. The investor initially invested almost 200,000 $USDC and bought $PEPE. They purchased the 170.2B $PEPE coins back on the 26th of October last year. Following that, the investor kept on holding the respective assets via diverse market fluctuations.
The $PEPE Diamond Hand Achieves a Massive ROI of Nearly 886%
As a result of that, they obtained an extraordinary 886% return on investment (ROI). This $PEPE token sale also displays ample liquidity for meme tokens in the market, permitting big transfers without severely affecting the coin’s price. According to Lookonchain, this episode displays a successful sale, with an achievement of an enormous 886% ROI.
