Glauber Contessoto, the trader who famously turned a $180,000 investment in DOGE into $3 million before the market crashed, is back in the spotlight, making huge profits from a different meme coin.

Earlier this year, Contessoto rose to fame for his massive gains from DOGE, which he invested in during early 2021. At the time, he had a strong feeling about the coin, having followed its journey since 2014.

However, the market took a different turn than anticipated, and by November 2023, most of Contessoto's crypto gains had vanished. Only a small portion of his initial investment remained after the market tumbled.

Now, the trader is back in the news, this time focused on PEPE. He has applied the lessons from his past experience to avoid the same mistakes and is carefully planning his next move.

Contessoto has over $1 million worth of PEPE spread across six wallets and still owns his original 5 million DOGE, currently valued at around $990,000. Earlier in February, he switched his Ethereum holdings to PEPE after watching ETH fall from $3,800 to $1,555 over the course of 11 months.

According to him, his decision to switch assets came from his strong belief in PEPE as a meme coin. In his view, PEPE is one of the few meme tokens that has reached the level of recognition achieved by DOGE.

He also appreciates PEPE's tone and edge, stating that it encapsulates the real and raw aspect of online culture, which Contessoto feels DOGE lacks.

Reflecting on his past experience, Contessoto admits that he held onto meme tokens for too long during the last bull market and wishes he had cashed out sooner. Through this experience, he has learned that while buying is straightforward, selling at the optimal time is a challenging endeavor.

To avoid repeating past mistakes, Contessoto plans to sell half of his DOGE by the end of 2025.