The whale, which bought 3 million dollars of Pepe (PEPE) a few days ago, lost 600 thousand dollars within hours with the fall of PEPE.
Remarkable data continues to come from PEPE, which has marked the last times of the crypto market. The popular coin, which doubled its price within days, was last listed on Binance and had a huge impact on the market. Reviving Memecoins, PEPE has also been one of the main factors in investors’ losses. The whale, which bought 3 million dollars of PEPE in the past days, has written a loss of 600,000 dollars with the depreciation of PEPE.
A whale bought 962.3B $PEPE($2.46M currently) with 70 $WBTC ($2.07M) and 470 $ETH ($937K) in the past 2 days, with an average buying price of $0.000003122.
He has lost ~$541K at the current price!https://t.co/GDBdXcVyGt pic.twitter.com/7s1Ns90OOc
— Lookonchain (@lookonchain) May 7, 2023
Sales Domination Continues in PEPE
When we examine the short-time chart, PEPE, which shows increases from time to time, continues to lose value in the big table. Having reached an all-time high (ATH) on May 6, PEPE has led many investors to buy this coin at the peak price.
According to Lookonchain, which offers blockchain analytics, the PEPE whale purchased 962.3 billion PEPE on May 5 using 70 Wrapped Bitcoin (WBTC) and 470 Ethereum (ETH) for $0.000003122. PEPE has since dropped 42 percent from its ATH, according to CoinGecko. The whale’s PEPE assets are currently estimated to be worth $2.4 million, marking a loss of $600,000.
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