🚀🚀Altcoin FOMO Lost Half a Million in PEPE: He Bought at the Top and Sold in Panic! 🚀🚀
A trader who bought in the crypto market under the influence of FOMO lost $477,000 in just 9 days after the 17.85% value loss in the PEPE token.
Hasty buying and selling transactions in the cryptocurrency market continue to lead to major losses. Finally, an investor's transaction in the PEPE token caused a remarkable loss.
According to Spot On Chain data, a trader belonging to the address "0x4ec" spent 4.75 WBTC and 150 thousand USDC on December 10, purchasing a total of 60.782 billion PEPE. This transaction made a total purchase of $1.59 million and was realized at PEPE's peak price. However, when PEPE's value decreased by 17.85%, the trader was forced to sell these assets for only 1.108 million USDT. This caused the investor to lose $477,000 in just 9 days.
In the cryptocurrency market, purchases made with FOMO (Fear of Missing Out) and subsequent panic sales can cause traders to experience serious losses.
PEPE has lost 12% in the last 24 hours and continues to be traded at $0.00001897 at the time of writing.
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