- The price of the asset fell by more than 40%
- At the same time, another “whale” bought 8.77 trillion tokens for $166
- Now this investment is worth more than $22 million
- The capitalization of the asset has already exceeded $1 billion
According to Lookonchain, on May 5, an unknown “whale” bought 962.3 billion PEPE tokens for more than $3 million. Over the weekend, May 6 and 7, the price of the asset fell significantly, as a result of which the user suffered an unrealized loss of $540,000.
Kit paid for a transaction of 70 wBTC and 470 ETH for a total of $3.007 million. At that time, the PEPE rate was $0.000003122, based on publications lookonchain.
The lower value of the price trend on May 7 was $0.00000233, which can be seen on this chart. That is, the value of the meme-coin decreased by more than 40%:
At this value of the asset value, the unrealized loss of the user exceeded $540,000. At the time of writing, the rate has slightly increased, but the whale’s portfolio still remains in the red zone.
PEPE is a highly speculative asset. Although some users still managed to earn millions on it. For example, according to the new publications Lookonchain, an unknown user bought 8.77 trillion tokens for $166. This portfolio is now worth over $22 million. If you want to learn more about the PEPE memecoin, here is an overview of this asset from Incrypted. The token entered the market in mid-April and has already flown “to the Moon” twice.