How a 600-Day Nap Turned $27 into $52 Million in the Crypto Market

Inside the bizarre world of million-dollar memecoins and the traders who love them

A $27 investment just turned into $52M. The catch? It’s based on a meme frog. Welcome to finance in 2024. 🐸💰

Just When You Thought Crypto Couldn’t Get More Absurd: The $27 Million-Dollar Meme

In what might be the most perfectly absurd crypto story of 2024, a dormant trader has emerged from their 600-day slumber to convert a lunch money investment into generational wealth. The trader parlayed $27 worth of PEPE tokens — yes, that’s the meme frog cryptocurrency — into a staggering $52 million. Not bad for an asset whose primary utility is making people laugh.

Let’s pause to appreciate the sheer economic vertigo of a 1,900,000x return. Traditional investors spend decades hoping to double their money in the S&P 500, while somewhere in the digital ether, someone’s betting on cartoon frogs and making 19,000 times that return.

Warren Buffett is presumably reaching for the antacids.

This isn’t even an isolated incident. Another trader earlier this year turned $3,000 into $46 million with the same token, presumably prompting their financial advisor to quietly update their…