A well-known Pepe (PEPE) whale just recorded massive returns by backing a new meme coin.
This whale managed to turn a modest investment into a 26x gain.
The whale’s move is grabbing attention in the meme coin space – with many traders eager to see if another big move might be on the cards soon.
Crypto Whale Turns $47K into $1.2M with SPX Meme Coin
Crypto trader dimethyltryptamine.eth just pulled off a move that’s got everyone talking.
According to Lookonchain, this whale scored big with SPX6900 (SPX) – a meme coin that has popped up out of nowhere and is dominating the charts.
SPX has been flying under the radar since it launched in August 2023.
But things have taken off in the past month.
Since September 12th, SPX has exploded by over 4,300% – making it one of the best-performing meme coins in recent weeks.
Now for the exciting part.
Dimethyltryptamine.eth dropped 15.6 ETH – about $47,000 – on 3.64 million SPX tokens 90 days ago.
As of today, those tokens are worth over $1.2 million.
That’s a 26x return in just three months.
Surprisingly, this whale investor is still holding, with SPX making up over 8% of their entire portfolio.
It’s another example of how getting in early on new meme coins can be life-changing.
How This “Smart Whale” Made Millions with PEPE & MOODENG
Dimethyltryptamine.eth isn’t new to meme coin trading.
This trader has been turning heads for a while, with a talent for spotting the next big thing before it takes off.
Take the PEPE craze from 2023 as an example.
Dimethyltryptamine.eth was right in the middle of this craze, snapping up 5.9 trillion PEPE tokens for just 0.125 ETH – around $251 at the time.
Not long after, that small investment turned into a massive $25.2 million at its peak.
But the trader didn’t stop there.
Recently, dimethyltryptamine.eth made another smart move, spending $139,000 on 2.1 billion Moo Deng (MOODENG) tokens.
Since then, MOODENG’s price has rocketed.
The strategy is simple: find meme coins with potential early, then go big on them.
This streak of wins has earned dimethyltryptamine.eth the title of a “smart whale” in crypto circles.
He has cracked the code for turning high-risk plays into huge rewards.
Is Pepe Unchained the Next Whale Pick After PEPU Presale Passes $18M?
With dimethyltryptamine.eth’s knack for hitting the jackpot, some investors are buzzing about his next move.
Right now, all eyes are on Pepe Unchained (PEPU) – a coin that seems to fit perfectly into this whale’s winning strategy.
Pepe Unchained is still in presale, which is exactly the kind of low-cap, high-potential coin that’s caught dimethyltryptamine.eth’s attention in the past.
It’s giving off major SPX and MOODENG vibes.
And since PEPU is in presale, there’s a chance to jump in early before it potentially takes off.
However, Pepe Unchained has big differences from other meme coins.
It’s packing some advanced tech with its own Layer-2 blockchain, designed to make meme coin trades faster and cheaper.
For an investor like dimethyltryptamine.eth, who’s made millions trading these coins, Pepe Unchained could be a helpful tool.
The project also has a staking app that’s drawing praise.
This app offers APYs of 121% for PEPU holders – which is why stakers have already locked up over 1.3 billion tokens.
All of this plays into the buzz around Pepe Unchained.
The project’s presale just passed the $18 million milestone, and with PEPU tokens available for just $0.00994 each, it’s looking like a tempting opportunity for both whales and smaller investors.
If dimethyltryptamine.eth does decide to invest, the crypto world will be watching.
