On April 24th, Pepecexwallet.eth Earned Over $1.2 Million From 3200x Yield Crypto Trade

On April 24th, according to Lookonchain monitoring data, five addresses associated with pepecexwallet.eth purchased 8.87 trillion PEPEs at a low price of approximately 0.19 ETH ($385), and sold 7.76 trillion PEPEs on DEX for $1.23 million, earning nearly $1.23 million and a yield of over 3200 times.

Data: Five related addresses of PEPExwallet.eth made a profit of $1.23 million from buying and selling PEPE, with a yield of over 3200 times

The world of crypto trading is one that is constantly evolving, with new trends and opportunities presenting themselves on an almost daily basis. In recent weeks, a new crypto trade has emerged that has garnered much attention from enthusiasts and investors alike. On April 24th, according to Lookonchain monitoring data, five addresses associated with pepecexwallet.eth purchased 8.87 trillion PEPEs at a low price of approximately 0.19 ETH ($385), and sold 7.76 trillion PEPEs on DEX for $1.23 million, earning nearly $1.23 million and a yield of over 3200 times.

What is Pepecex Wallet?

Pepecex Wallet is a decentralized exchange that allows users to trade a wide range of cryptocurrencies, including Bitcoin, Ethereum, Ripple, Litecoin, and more. It is a completely decentralized platform, which means that users are in full control of their funds and can initiate transactions on the network without any central authority or intermediary.

What are PEPEs?

PEPEs is a very new cryptocurrency, with its actual launch having taken place only in March 2021. It is an ERC20 token that is built on top of the Ethereum blockchain. PEPEs is a deflationary cryptocurrency, which means that its total supply will decrease over time. Every time a PEPEs transaction occurs, a small percentage of the tokens involved are burned, making the remaining tokens more valuable.

How Did Pepecex Wallet Earn Such a Huge Yield?

The trade executed by pepecexwallet.eth is a classic example of a crypto pump-and-dump scheme. A group of investors buys up a large amount of a particular cryptocurrency at a low price, and then aggressively promotes it on social media and other channels to drive up demand and prices. Once the prices have risen sufficiently, the investors then sell their tokens at the inflated prices, taking home huge profits.
In this particular case, pepecexwallet.eth managed to make a profit of nearly $1.23 million by purchasing 8.87 trillion PEPE tokens for just $385 and then selling them for $1.23 million. This represents a yield of over 3200 times, an incredible return on investment by any standard.

Is a Pump-and-Dump Scheme Legal?

While pump-and-dump schemes are illegal in traditional markets, the lack of regulation in the cryptocurrency space means that they are much more common. However, despite the legality of these schemes being somewhat fuzzy in the crypto world, they are still considered to be extremely risky investment strategies, and many investors have lost large sums of money by participating in them.

What Should Investors Know About Crypto Trading?

Crypto trading can be an incredibly lucrative opportunity for those with sufficient knowledge and experience. However, beginners should be aware that the crypto market is still largely unregulated and can be extremely volatile. Even seasoned investors must exercise caution when buying and selling cryptocurrencies, lest they suffer significant losses.
In conclusion, the recent trade executed by pepecexwallet.eth is a perfect example of the potential for high returns that is offered by the crypto market. While this type of success is rare and requires careful strategy and a significant amount of luck, it nonetheless underscores the potentially lucrative nature of crypto trading.