๐ฅ๐ฐ The crypto market took a brutal hit on April 12, with Bitcoin plummeting to $65,000, causing a ripple effect across altcoins. ๐ Altcoins, already on a downward trend, were hit even harder, with some experiencing up to a 20% drop in a single day. ๐ Liquidations totaling nearly $1 billion shook the market, leaving around 300,000 traders reeling from the impact. ๐ฑ
One trader, known as Crypto Nerd, shared heartbreaking news of losing his entire savings in the crash, specifically due to a transaction involving the infamous PEPE memecoin. ๐ Crypto Nerd, a veteran in the market since 2017, revealed a loss of over million in assets, sending shockwaves through social media with his tweet garnering 3.7 million views. ๐
Waking up to the devastation of his liquidation, Crypto Nerd recounted the explosion of his transactions, particularly a long position on PEPE with 3x leverage, resulting in massive losses. ๐ญ Despite amassing assets worth $1 million on Binance, the crash wiped out everything accumulated over the years, leaving the trader with less than $1,000 in his bank account. ๐ธ
In the midst of despair and regret, Crypto Nerd expressed feeling like there was no reason to go on. ๐ But amidst the darkness, messages of support flooded in from fellow crypto investors, offering a glimmer of hope during this difficult time. ๐
๐ Lesson learned: Beware of meme coins โ not every ride ends with rainbows and sunshine. Stay tuned with Professor Mende to navigate the crypto seas safely! ๐ #BTC #ETH #PEPE #safu #bullrun