PEPE, a relatively new meme coin in the world of cryptocurrency, made a grand entrance into the market, sparking excitement among investors. After a rapid rise, PEPE decided to take a break in November, only to return stronger than ever with a tenfold increase in value. This surge brought joy to both early adopters and those who jumped on board in November.
However, amidst the success stories, a cautionary tale emerged involving a whale investor in PEPE. Lookonchain shared the unfortunate saga with us.
The Tragic Tale of the PEPE Whale
Investing in cryptocurrency requires careful management of profits and losses. The market can be unpredictable, and one must be prepared to adapt to avoid future regrets. Stay informed with the latest financial news on COINTURK FINANCE.
The story revolves around a PEPE whale who held onto their coins for too long, ultimately falling victim to the market’s fluctuations. The whale decided to sell approximately 115 billion PEPE coins at the breakeven price, receiving 366.5 ETH in return, equivalent to around 1.27 million dollars.
When Did the Whale Purchase PEPE?
Interestingly, the whale had purchased the PEPE coins on May 14 and May 15 at a price of $0.000011, investing a total of 1.27 million dollars. The price of PEPE soared above $0.000017 on May 27, offering the whale a profit of over 50% on their initial investment, amounting to around 670 thousand dollars.
The Whale’s Regret
Despite the opportunity for profit, the whale chose not to sell their PEPE coins as the price continued to decline. Eventually, the value of PEPE fell below the whale’s breakeven point, leading to inevitable regrets. The whale had to sell all their PEPE holdings, possibly muttering “I wish” as they faced the consequences of their decision.
To all investors out there, remember that it’s important to strike a balance between greed and profit in the world of cryptocurrency. If you’ve made a profit, consider selling and securing your gains. It’s better to lose out on potential earnings than to lose your initial investment.
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Disclaimer: This article does not constitute investment advice. Cryptocurrencies are highly volatile, and investors should conduct their own research and be aware of the risks involved.
