Popular Trader's PEPE Bag 'Would Have Been Worth 8 Figures' Now, But He Had To Sell In 2023: 'Times Were Hard'

Renowned crypto trader Altcoin Sherpa shared a personal story of his experience with Pepe PEPE/USD, offering valuable insights into the challenges and lessons of crypto trading.

What Happened: Sherpa reminisces about his early investment in PEPE when its market capitalization was only $10 million. Despite the bear market affecting altcoins and facing losses in other investments, he confesses that holding onto PEPE till today would have been immensely profitable. "Had I held to today without selling, it would have been worth 8 figures," he reflects.

The trader reveals that he managed to sell near the peak in 2023, securing a solid profit. "I diamond-handed the majority and still had a great win," he stated. The proceeds from this trade enabled him to invest in real estate.

However, he mentions that he kept a portion of PEPE, which he planned to hold long-term. Unfortunately, when the developers capitulated on the project, he decided to sell the remaining amount. "That amount would have been worth 7 figures at this point," he explains.

Price Action: In the past 24 hours, Pepe is up 2.2% to trade at $0.00001407, taking its weekly gains to 38.8%.

Also Read: PEPE Up 16% On The Week: It Won’t ‘Flip DOGE’ But ‘Should Go Up More Relatively,’ Trader Points Out

Why It Matters: Altcoin Sherpa emphasizes the inevitability of selling too early or too late in crypto trading. "If you’re in crypto long enough, you’re going to have absolutely stellar potential plays, where you sold too early or too late. It happens," he notes.

Despite missing out on potentially larger gains, his pragmatic approach highlights the importance of being content with profitable outcomes and the need for emotional resilience. He also notes how financial stability can influence trading decisions.

He stresses the importance of moving beyond past regrets and focusing on future opportunities. "The faster that you can get over the ‘what ifs', the faster you can move forward and take advantage of what you can control," he advises, offering encouragement to fellow traders.

What’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.

Read Next: Pepe Up 5%, Should ‘Retest All-Time Highs This Week,’ Says Trader

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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