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Crypto investor blasts PEPE: “I lost all my money”
A crypto investor announced that his long transaction on the popular memecoin PEPE exploded and he lost his entire savings of over $1 million.
A crypto investor announced that his long transaction on the popular memecoin PEPE exploded and he lost all his savings of over $1 million.
April 12 was interpreted as a big disappointment in the cryptocurrency market. The leading cryptocurrency Bitcoin (BTC) fell to the 65,000 band. The 8.5 percent decline in BTC also affected altcoins.
Many altcoins have dropped nearly 20 percent in the past day. Since altcoins have been on a downward trend for a while, yesterday's decline was the final point. Nearly 1 billion dollars of liquidation took place and nearly 300 thousand traders received liquidation notifications.
A user named Crypto Nerd announced that he lost all his savings after the last drop. Trader was disappointed with the PEPE transaction.
A trader named Crypto Nerd announced that he lost all his savings in his post on X. The trader stated that he has been active in the crypto market since 2017 and lost over $1 million in assets with the last decline.
The tweet, which received 3.7 million views, quickly became a hot topic on social media. The trader stated that when he woke up, he learned that he had been liquidated and his transactions had exploded. Crypto Nerd stated that he took a long (bullish) transaction on PEPE with 3x leverage. This transaction was liquidated after PEPE experienced a sharp decline yesterday.
The trader stated that he did not even have 1,000 dollars in his bank account, but he managed to make an asset of 1 million dollars on the Binance exchange. With the explosion of the PEPE transaction, all the assets the trader had accumulated since 2017 evaporated.
Stating that he wasted his years, the trader attracted attention when he became depressed. “I have no reason to live,” Trader said. Many crypto investors sent messages of support to the trader
