Oil King Pepe (OILPEPE) 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 Oil King Pepe (OILPEPE) has generated a profit of almost 6,000%, turning a $130 investment into over $7,700.
The shrewd investor made the purchase a few hours after OILPEPE began trading on Raydium, and he hasn’t sold any of his tokens yet, as the price of Oil King Pepe is expected to rise another 20,000% from its current price.
In fact, most buyers of OILPEPE are deciding to hold onto their tokens and wait for further gains in the coming days and weeks, rather than realize their current profits.
OILPEPE 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 Oil King Pepe.
In around 24 hours after launch, Oil King Pepe rallied over 9,300% to reach a market cap of $7.6 million – and it is expected to soon hit a $60 million market cap.
Currently, Oil King 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 OILPEPE on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Oil King Pepe by entering its contract address – GRUCh82C2aUXo2487mNWJx92s5K26pCtZp8HF47ZZAkc – in the receiving field.
Early investors 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.