• PEPE is a new memecoin that has gained a lot of attention in the market and has been rallying ever since its launch.
• An investor turned their $27 investment in PEPE into an astonishing $1 million, but it’s not easy to cash out completely due to liquidation concerns.
• The lack of buyers and sufficient liquidity are two important factors when considering cashing out profits.
PEPE: A New Memecoin
PEPE is a new memecoin that has been gaining significant attention from investors hoping to replicate the success of other cryptos such as Dogecoin (DOGE) and Shiba Inu (SHIB). It was launched on April 17th and quickly ascended to a market capitalization of $137 million.
Investor Becomes Millionaire Overnight
Thanks to Pepe’s incredible rally, one investor managed to turn their meager $27 investment into an astonishing $1 million overnight. However, realizing these profits won’t be easy due to liquidation concerns.
Liquidity Concerns When Cashing Out
In order for investors to be able to cash out their profits, there needs to be enough buyers as well as sufficient liquidity concentrated in automated market maker pools. Without these factors, it could take up 46,200 years for one person to liquidate their entire holdings.
The Dog Days are Over
The team behind PEPE declared that „the dog days are over,“ while branding PEPE as “the most memeable memecoin in existence.“ This token has become highly popular among meme culture investors who hope it can bring them similar success like DOGE or SHIB have done before.
Overall, PEPE is definitely making waves in the crypto world with its impressive gains so far and could potentially be another big winner if more buyers enter the market and liquidity continues increasing..