It turns out that buying at lows is not a teacher, selling at highs is a master!
What do you think about this?
A large cryptocurrency investor who holds a large amount of PEPE has suffered a major loss. The investor, known as a "whale" for the size of his holdings, deposited 519 billion PEPE tokens on Binance, worth about $5.11 million.
The specific reason for the sale is unclear, but data shows that the investor lost about $207,000, a 3.9% drop from his initial investment. The PEPE tokens were purchased before the cryptocurrency hit an all-time high in late May. If the whale had sold at that peak, they could have made a potential profit of $3.47 million.
The big whale may face additional financial difficulties. The unrealized losses on his cryptocurrency holdings, including AAVE and YFI, totaled $6.68 million.
Meanwhile, the price of the popular "frog" meme token Pepe continues to remain at $0.0000092. Since the beginning of this week, the digital asset has fallen by more than 23%, with a peak drop of 36% - prices not seen since early May two months ago.
Finally, if you are a complete beginner and want to rush into the cryptocurrency world after seeing BTC hit a record high, then I suggest you follow me first, learn the knowledge of the cryptocurrency world with me, and improve your basic skills. Only by laying a solid foundation can you go further.
