A savvy cryptocurrency trader reportedly turned $2,000 into more than $43 million by investing in the memecoin Pepe at its peak valuation, despite the token’s extreme volatility and lack of underlying technical value.
The trader made an over 4,700-fold return on investment on the popular frog-themed Pepe ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/pepe-price-index” rel=”null” target=”null” text=”null” title=”https://cointelegraph.com/pepe-price-index”>PEPE) cryptocurrency, according to blockchain intelligence platform Lookonchain.
“This OG spent only $2,184 to buy 1.5T $PEPE($43M at the peak) in the early stage. He sold 1.02T $PEPE for $6.66M, leaving 493B $PEPE($3.64M), with a total profit of…

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