CRYPTOCURRENCY INVESTORS LOST $1 MILLION IN PEPE MEMECOIN INCIDENTS 🔥💰
April 12 brought disappointment to the cryptocurrency market as Bitcoin (BTC) plummeted to $65,000, marking an 8.5% drop. This downturn also affected altcoins, many of which have dropped nearly 20% in the past day. With altcoins already on a downward trajectory, yesterday's drop was the final blow.
Liquidations totaling nearly $1 billion occurred, affecting approximately 300,000 traders who received liquidation notices.
One user, known as Crypto Nerd, shared the heartbreaking news of losing all his savings due to a recent incident. Traders expressed particular disappointment with the PEPE trade.
Crypto Nerd, who has been active in the cryptocurrency market since 2017, revealed in a post on X that he lost over $1 million in assets during the recent decline. His tweet garnered 3.7 million views, quickly gaining attention on social media. The trader recounted waking up to discover he had been liquidated and exploded with trades, especially long positions on PEPE with 3x leverage, resulting in significant losses.
Despite having less than $1,000 in his bank account, this trader has amassed a total fortune of $1 million on the Binance exchange. However, with the collapse of the PEPE transaction, the entire wealth accumulated since 2017 has disappeared.
Expressing feelings of despair and regret, the businessman commented: "I have no reason to live anymore." Many cryptocurrency investors have reached out with messages of support to traders during this difficult time.
👉 Lesson: Be careful with memes. It's not all sunshine and rainbows.
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#BTC #ETH #PEPE #safu #bullrun
