According to a report by blockchain analytics company Lookonchain, a savvy trader recently netted $15.62 million through transactions with Mog (MOG) and Pepe (PEPE) during a market downturn. This success not only highlights the trader’s skill but also their exceptional market judgment.

Lookonchain reports that the trader bought 515.42 billion PEPE tokens from KuCoin for $861,000 in 2023. This bold investment demonstrated significant appreciation amid market fluctuations. By selling 95 billion PEPE tokens in stages, the trader made $1.08 million in profit. Despite selling part of the holdings, the trader still retains a substantial amount of PEPE tokens, with the remaining stake currently valued at $4.18 million, bringing the total profit to $4.4 million.