Buy low and sell high? Reverse operation? An investor shifted SHIB to PEPE to try to make up for a loss of $2.55 million 🔥
An investor bought 67 billion PEPE for $1.02 million to try to make up for a loss of $2.55 million caused by selling 40.9 billion Shiba Inus at a lower price.
The investor had previously suffered losses in the SHIB market. He bought 40.9 billion SHIB for a total price of $2.98 million.
However, as the market turned into a bear market, the value of SHIB tokens plummeted, causing him to sell all his holdings at a low price of about $0.0000011 per token, with a loss of up to $2.55 million.
The decision to buy 67 billion PEPE tokens this time aroused Laodao's curiosity. Can this investor recover from his previous losses?
If the market value of PEPE tokens exceeds Shiba Inu, it may bring him a return on investment. 😂
However, to achieve this goal, the value of PEPE must increase to $0.00003582, which means that the current price needs to rise by 221.8%.
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