Trader Cashes Out PEPE and ETH Positions for $20K Profit Amid Rollercoaster Ride

Trader's Cryptocurrency Rollercoaster: From Peak to Exit

According to market tracking data, a trader recently closed their entire long positions in PEPE and ETH, withdrawing most of the funds and securing a profit of approximately $20,000.

• PEPE longs generated $110,000 in profit
• ETH longs resulted in a $160,000 loss

From $20K to $900K: A Wild Market Ride

The account started with roughly $20,000 and at one point soared to a high of $900,000 by going all-in on PEPE. However, market volatility on January 8 triggered 12 consecutive liquidations, significantly reducing the account balance.

In the recent market rebound, the trader decided to exit entirely, locking in a $20,000 profit after a turbulent journey.

PEPE's Market Prediction Sparks Discussion

Earlier this year, the trader boldly predicted that PEPE’s market cap would surpass $69 billion by 2026, pledging to deactivate their social media accounts if the target wasn’t met. As of now, PEPE’s market cap sits at around $2.54 billion.