In short: PEPE coin whales are facing losses with the cryptocurrency dropping by 9% in the last 24 hours. Two significant investors have sold their PEPE coins at considerable losses, with one address selling 375.8 billion PEPE at a loss of $142,000, and another selling 257 billion PEPE at a loss of about $35,000. Other meme coins such as DOGE, SHIB, FLOKI, BONE, and ELON are also trading at significant losses in the broader market.
Our quick analysis:
The PEPE coin whales are having a hard time these days as the meme cryptocurrency takes a nosedive in value. It seems like the larger investors have had enough and are selling their holdings, taking considerable losses in the process.
According to data from Lookonchain, at least two whales have recently sold off their PEPE coins at a significant loss. One of them sold 375.8 billion PEPE at a loss of $142,000 (worth some 76 ETH) while the other whale sold around 257 billion PEPE (worth $306K) at a loss of about $35,000.
It's not only the PEPE coin that's suffering, though. Most of the larger meme coins are trading at considerable losses, according to CoinMarketCap. For instance, DOGE is down 2.5%, SHIB – 4.2%, FLOKI – 7.83%, and BONE – 13.3% in the past seven days.
It's a sad day for the PEPE coin whales, and it seems like it's going to be a while before they see better days. Let's hope they don't lose their sense of humor in the process!
Image provided by Unsplash
Disclaimer: Our articles are NOT financial advice, and we are not financial advisors. Your investments are your own responsibility. Please do your own research and seek advice from a licensed financial advisor beforehand if needed.
Our quick analysis:
The PEPE coin whales are having a hard time these days as the meme cryptocurrency takes a nosedive in value. It seems like the larger investors have had enough and are selling their holdings, taking considerable losses in the process.
According to data from Lookonchain, at least two whales have recently sold off their PEPE coins at a significant loss. One of them sold 375.8 billion PEPE at a loss of $142,000 (worth some 76 ETH) while the other whale sold around 257 billion PEPE (worth $306K) at a loss of about $35,000.
It's not only the PEPE coin that's suffering, though. Most of the larger meme coins are trading at considerable losses, according to CoinMarketCap. For instance, DOGE is down 2.5%, SHIB – 4.2%, FLOKI – 7.83%, and BONE – 13.3% in the past seven days.
It's a sad day for the PEPE coin whales, and it seems like it's going to be a while before they see better days. Let's hope they don't lose their sense of humor in the process!
Image provided by Unsplash
Disclaimer: Our articles are NOT financial advice, and we are not financial advisors. Your investments are your own responsibility. Please do your own research and seek advice from a licensed financial advisor beforehand if needed.
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Please, behave!