A trader capitalised on Pepe (CRYPTO:PEPE) reaching new all-time highs, earning a remarkable profit of $46 million after initially investing less than $3,000.

The trader purchased 4.9 trillion PEPE tokens in April 2023, and after the recent price surge, sold a portion for $7.4 million, still holding onto tokens worth approximately $38.9 million.

PEPE's latest price rally propelled its market capitalisation to $4.8 billion, securing its spot as the 23rd largest crypto asset.

Despite increased daily trading volume and whale transactions, PEPE's price remains stable at $0.00001142, indicating sustained investor interest in the meme coin's success.