Following a more than 40% drop in the price of Pepe, a memecoin whale who purchased more than 962 billion worth of the token has been left with more than $600,000 in unrealized losses.
The price of new memecoin Pepe has plunged more than 42% only days after reaching its all-time high on May 6, leaving at least one investor with hundreds of thousands in paper losses., one crypto “whale” purchased 962.
3 billion Pepe tokens using 70 Wrapped Bitcoin and 470 Ether for an average price of $0.000003122 on May 5.42% from its all-time high since then, according to CoinGecko. The crypto investor’s PEPE holdings are now estimated to be worth only $2.4 million, marking an unrealized loss of more than $600,000.
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