A crypto trader has made significant profits by investing in the meme coin Pepe (PEPE), despite the ongoing market correction. The trader turned an initial investment of $3,000 into $73 million by purchasing 4.91 trillion PEPE tokens in April 2023. They began selling off portions of their holdings when PEPE reached an all-time high in May, and have continued to sell off tokens during uptrends. The trader has realized profits totaling $27.5 million so far, with the remaining tokens still worth $45.66 million. The recent sale occurred before the recent collapse in PEPE's price. Another significant investor has also been buying large amounts of PEPE tokens. This development follows other successful profit-taking trades involving meme coins, although not all trades have been successful.
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