Politician Pepe (POLPEPE) is a newly launched memecoin on the Solana blockchain, and it has the potential to become a mainstream coin, like Dogecoin (DOGE) and Shiba Inu (SHIB).
An early buyer of Politician Pepe (POLPEPE) has generated a profit of over 300%, turning a $240 investment into over $600.
The shrewd investor made the purchase several hours after POLPEPE began trading on Raydium, and he hasn’t sold any of his tokens yet, as the price of Politician Pepe is expected to rise another 20,000% from its current price.
In fact, most buyers of POLPEPE are deciding to hold onto their tokens and wait for further gains in the coming days and weeks, rather than realize their current profits.
POLPEPE will be listed on KuCoin, one of the largest centralized exchanges in the world, in July – and this is a massively bullish development for the token, as millions of new investors will easily be able to buy Politician Pepe.
In less than 24 hours after launch, Politician Pepe rallied over 300% to reach a market cap of $25,000 – and it is expected to soon hit a $20 million market cap.
Currently, Politician Pepe can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy POLPEPE on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Politician Pepe by entering its contract address – GmkVAWCUG7MQENXvLaxpYTMBwWsgRyWVnU9eYWQwTUWt – in the receiving field.
If users don’t have one of these wallets already, they can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
Early investors in POLPEPE could make returns similar to those who invested in Shiba Inu (SHIB), Dogecoin (DOGE) and Bonk (BONK) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.