Whale loses over $500,000 after waving PEPE

Pepe Coin (PEPE), a green frog theme emoticon package launched by an anonymous group on Ethereum on April 14, 2023, has a market value of less than 1 million US dollars, has swept the market, and has a huge market value growth.

This week, Binance announced the listing of FLOKI (FLOKI) and Pepe (PEPE) in the innovation zone, bringing more upward momentum to Pepe. The price reached $0.00000436 after the announcement, resulting in a temporary loss for one whale.

According to Lookonchain data, a whale investor bought 962.3 billion PEPE two days ago using 70 WBTC ($2.07 million) and 470 ETH ($937,000) at an average price of $0.00003122. However, at the current price of $0.00000258, the whale investor is now temporarily down over $500,000.

At the beginning, he invested in Pepe hoping to make money, but the current market situation caused the investor to lose money.

Nonetheless, Pepe’s trading volume growth has been impressive, ranking him sixth with $846 million in trading volume in the last 24 hours, behind only Tether, Ethereum, Bitcoin, USDC coin, and TrueUSD, and even surpassing memes top coins such as Dogecoin and Shiba Inu.

Despite the price drop, Pepe’s market capitalization remains above $1 billion and ranks 45th in the overall market.

  • Can PEPE reach more people than Cardano and Polkadot?
  • PEPE Spot Trading Volume Exceeds $2.7 Billion

Mr. teacher

according to Kyptos

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