The cryptocurrency market is known for its extreme volatility, with explosive 1000% bull runs common. Stories like a British man delivering two pizzas in exchange for 10,000 Bitcoin tokens in 2010 have now become part of the folklore.
However, some investors who missed out on major crypto assets like BTC and ETH are still seeing enormous success, particularly in the meme coin market. Pepe is one such meme token that shook the crypto world through its 10,000% bull rally earlier this year, turning several small-money investors into millionaires in a matter of weeks.
In this article, we look at how three early Pepe investors became millionaires, and also check out two new meme coins that traders are backing for similar growth.
Early Pepe Investors Became Multi-Millionaires in Just Two Weeks
Pepe coin has emerged as one of the biggest success stories in the crypto market this year. The token, inspired by the popular “Pepe The Frog” meme, was launched in April 2023 and exploded by over 10,000% over the next few weeks.
It soon became the third largest meme coin and even reached the $1.5 Billion market capitalization momentarily.
Pseudonymous trader dimethyltryptamine.eth is one of the earliest investors who took advantage of Pepe’s meteoric rise. He brought close to 6 Trillion $PEPE tokens worth just $251 on the 15th of April this year. Just 4 days later, his Pepe holdings were valued at over $1.14 million, representing a 4500x surge.
By the 5th of May, the trader already had $3.8 million in realised profits, with another $9 million still in unsold Pepe tokens, amounting to a 5,000,000% total profit.
Since then, the pseudonymous trader has dumped part of his holdings in response to the bearish market condition. However, Arkham Intelligence reveals that he still holds over $2 million worth of Pepe coin, with another $328K invested in Ethereum.
Similarly, an anonymous wallet purchased $2100 worth of Pepe in April of this year, which ballooned to over $4.14 million in profits by the 1st of May. Another anonymous trader saw a 120,102x return on investment, generating close to $5 million worth of profits in just two weeks.
Pepe has since been severely affected by the prevalent bearishness in the crypto market. The token is down 75% from its all-time high and has plummeted 25% this month alone.
However, Pepe bulls are still not losing hope and expect that the token will reach new highs as soon as the market turns green. Popular crypto analyst @MacnBTC, who has over 400K followers on Twitter and has called many previous bull runs, believes that Pepe will soon print a “god candle” after a few months of consolidation.
In the meantime, many traders have shifted their attention to new meme coins in the search for the next Pepe, with Wall Street Memes and Sonik Coin being two coins that are gaining traction right now.
Wall Street Memes Raises $25 Million, Investors Believe This Could The Next Big Meme Coin
Ever since Pepe’s 10,000% rally, investors have been looking for the next big meme coin that can propel them to millionaire status. Some believe that their wait may soon be over as the new Wall Street Memes token has all the makings of being the next meme coin phenomenon.
The $WSM token has already raised over $26 Million in just over three months of its ICO. The project has now announced that the token will launch on multiple Tier-1 exchanges sometime next month.
$WSM is receiving enormous support from the community, mainly due to its association with the legendary Wall Street Bets Reddit that sparked the revolutionary GameStop bull run in 2021.
Moreover, the developer team behind the project also has a strong track record in the Web3 space – its Wall St Bulls NFT collection holds out in a matter of minutes, netting $2.5 million in profits.
As a result, the token is already getting traction amongst big-money investors, with one whale purchasing more than $1 million worth of $WSM tokens.
Popular trader Crypto Dose also revealed that he invested $7000 into Wall Street Memes and predicted that the token could show a 10x rally after launch.
Visit Wall Street Memes Presale
New Sonik Coin Goes Viral in Presale & Surges Past $350K Milestone in Just Over a Week
Sonik Coin is another meme token that is generating tremendous buzz and excitement in its presale phase, having already raised $350K in just over a week.
After all, meme coins based on the popular video game character Sonic The Hedgehog have become the latest trend in the crypto market, with some tokens like HarryPotterObamaSonic10Inu seeing 8000% rallies.
But $SONIK is more than another meme token – its on-chain stake-to-earn feature has become a pastor point of attraction for retail investors as it could yield them as much as 186% APY. It also encourages them to hold their tokens for longer periods, ensuring price stability and network safety after launch.
40% of the tokens have been reserved for staking and close to 13 billion tokens are already locked in.
$SONIK is also a low-cap crypto gem – despite 50% of the entire token supply being up for grabs, its presale has a hard cap of just $2.09 Million, putting the token’s starting valuation at just over $4 Million.
However, $SONIK has a lot of potential for explosive growth, with experts like YouTuber Michael Wrubel calling it the next million-dollar meme token.
In fact, Sonik Coin is seeking to be the fastest meme coin to hit the $100 million market capitalization, which would mean a 24x growth for its presale buyers.
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