Dangerous Investor: He Had an 85 Percent Loss from Shiba Inu, Now He Bought Pepe Coin!
An investor purchased the popular meme coin Pepe (PEPE) worth millions of dollars during the day.
On-chain data and analysis account Lookonchain, in its post on Twitter on May 29, included the large PEPE transaction that an investor recently received from the cryptocurrency exchange OKX.
The investor in question spent 1.02 million dollars for 67 billion PEPE.
It was noteworthy that the trader suffered an 85.5% loss from the $2.55 million investment he had previously made in another popular meme coin, Shiba Inu (SHIB). The trader, who invested 40.9 billion SHIB in the middle of the bull market, sold it all at a loss with the arrival of the bear market.
It was also a matter of curiosity whether the investor would be able to compensate for his losses from PEPE this time.
According to CoinGecko data, PEPE is finding buyers at $0.00001515 at the time of writing, down 7.4% in the last 24 hours.