Price: $0.39458 2.4788%
Market Cap: 57.96B 1.753%
Volume (24h): 8.53B 0.4%
Dominance: 1.753%
Price: $0.39458 2.4788%
Market Cap: 57.96B 1.753%
Volume (24h): 8.53B 0.4%
Dominance: 1.753% 1.753%
  • Price: $0.39458 2.4788%
  • Market Cap: 57.96B 1.753%
  • Volume (24h): 8.53B 0.4%
  • Dominance: 1.753% 1.753%
  • Price: $0.39458 2.4788%
Home > Information news > 114 Billion PEPE Trader's Surprising Ethereum Shift; Here's Why

114 Billion PEPE Trader's Surprising Ethereum Shift; Here's Why

Release: 2024/06/15 21:02 Reading: 402

Original author:U_Today

Original source:https://coinmarketcap.com/community/articles/666d8df02cb2577c55aba289

114 Billion PEPE Trader's Surprising Ethereum Shift; Here's Why

Breaking News: PEPE Trader Capitulates, Liquidating Holdings at Breakeven Point

In a dramatic twist, a PEPE trader has surrendered, offloading their entire 114.7 billion PEPE tokens for 366.5 ETH, approximately $1.27 million USD.

Initial Investment and Market Hype

The trader initially acquired the tokens on May 14 and 15 for $0.000011 each, investing a total of $1.27 million. Driven by surging interest, PEPE experienced a rally, peaking at $0.00001718 on May 27.

Missed Opportunity and Market Decline

At the peak, the trader's holdings were valued at $1.94 million, presenting a potential profit of $670,000. However, they chose to retain the tokens, hoping for further gains. But fortune turned against them as PEPE's price tumbled, falling below the trader's breakeven point.

Sale at Breakeven Point

Faced with persistent decline, the trader liquidated their entire position, realizing 366.5 ETH or $1.27 million, matching their initial investment. While the trader avoided a loss, the missed opportunity for significant profit serves as a reminder of the importance of market timing.

Current Market Situation

At press time, PEPE has declined by 0.79% over the past 24 hours to $0.00001204. The cryptocurrency has gradually retreated since its all-time high on May 27, reaching a low of $0.00001057 during yesterday's trading session before rebounding slightly.

Selected Topics

  • Dogecoin whale activity
    Dogecoin whale activity
    Get the latest insights into Dogecoin whale activities with our comprehensive analysis. Discover trends, patterns, and the impact of these whales on the Dogecoin market. Stay informed with our expert analysis and stay ahead in your cryptocurrency journey.
  • Dogecoin Mining
    Dogecoin Mining
    Dogecoin mining is the process of adding new blocks of transactions to the Dogecoin blockchain. Miners are rewarded with new Dogecoin for their work. This topic provides articles related to Dogecoin mining, including how to mine Dogecoin, the best mining hardware and software, and the profitability of Dogecoin mining.
  • Spacex Starship Launch
    Spacex Starship Launch
    This topic provides articles related to SpaceX Starship launches, including launch dates, mission details, and launch status. Stay up to date on the latest SpaceX Starship launches with this informative and comprehensive resource.
  • King of Memes: Dogecoin
    King of Memes: Dogecoin
    This topic provides articles related to the most popular memes, including "The King of Memes: Dogecoin." Memecoin has become a dominant player in the crypto space. These digital assets are popular for a variety of reasons. They drive the most innovative aspects of blockchain.