A story of astonishing success emerged when a crypto investor turned a $3,000 investment into over $46 million through a Pepe trade. Lookonchain, a platform tracking blockchain data, shared this remarkable transaction, showcasing a staggering 15,718x return. The investor's journey underscores the wild swings and potential gains of memecoin ventures, yet it prompts inquiries about the timing and expertise behind such trades.

The investor's tale unfolds as Lookonchain reveals the purchase of 4.9 trillion PEPE tokens on April 15, 2023, with an initial investment of roughly $3,000. Since then, the value of PEPE skyrocketed, enabling the investor to capitalize on substantial profits by selling a portion of their holdings. Notably, the investor sold 1.41 trillion PEPE for $7.4 million and 255 billion PEPE for about $2.3 million. Despite these lucrative sales, they still retain 3.5 trillion PEPE, currently valued at approximately $38.9 million. According to Lookonchain data, the total profit amassed stands at $46.3 million.

However, scrutiny arises due to the timing of the purchase, which coincided with PEPE's launch. Moreover, on the same date, on-chain data unveils a swap where the investor traded roughly $2,256 worth of 20,000 Timeless (LIT) tokens for 3.4 trillion PEPE. Considering LIT's relatively obscure standing and a market cap of merely $3.6 million, the decision to exchange LIT for PEPE at that precise moment hints at potential insider knowledge. On April 15, 2023, the LIT token was valued at $0.111814, sharply contrasting with its current price of $0.001539. This further fans speculation about the investor's possible insider insights and underscores the timely and remarkably profitable nature of the trade.

In a separate vein, despite any insider conjectures, PEPE embarked on a meteoric ascent. According to CoinGecko data, PEPE soared to an all-time high of $0.00001151 recently, marking its second record peak this week. Ranking third among memecoin projects, following Dogecoin (DOGE) and Shiba Inu (SHIB), PEPE boasts a market cap of $4.68 billion.

PEPE's recent triumph finds traction in renewed enthusiasm for meme assets, spurred by the resurgence of Keith Gill, also known as Roaring Kitty. Gill, famed for his involvement in the GameStop stock frenzy, recently resurfaced on social media, igniting a frenzy of speculation and investment in memecoins and stocks.