PEPE Whales Selling at Huge Losses as Meme Coins Continue Bleeding

PEPE coin whales have seen better days as the cryptocurrency loses another 9% in the past 24 hours. Some of the larger investors are calling it quits and are selling at a considerable loss.

  • Data from the popular on-chain analytics resourceLookonchainrevealed that at least two whales are realizing considerable losses.
  • One of them is an address ending at 0x4614, which sold a total of 375.8 billion PEPE at a loss of $142,000 (worth some 76 ETH) today.
  • Another whale sold around 257 billion PEPE (worth $306K) at a loss of about $35,000.

Whales/SmartMoneys are selling $PEPE.

A whale deposited 649B $PEPE($761K) 1 hr ago.

0x4614 who made 1,182 $ETH($2.2M) on $PEPE sold 375.8B $PEPE($306K) at a loss of 76 $ETH($142K) 1 hr ago.

0x6544 who made $352K on $PEPE sold 257.9B $PEPE($306K) at a loss of $35K 4 hrs ago. pic.twitter.com/w8crgva6S0

— Lookonchain (@lookonchain) June 5, 2023

  • The broader market for meme coins continues bleeding out.
  • Data from CoinMarketCap shows that almost all of the larger meme coins are trading at considerable losses.
  • For the past seven days, DOGE is down 2.5%, SHIB – 4.2%, PEPE – 20%, FLOKI – 7.83%, BONE – 13.3%, ELON – 4.2%, and so forth.
Esta página pode conter conteúdos de terceiros, que são fornecidos apenas para fins informativos (sem representações/garantias) e não devem ser considerados como uma aprovação dos seus pontos de vista pela Gate, nem como aconselhamento financeiro ou profissional. Consulte a Declaração de exoneração de responsabilidade para obter mais informações.
  • Recompensa
  • Comentar
  • Partilhar
Comentar
0/400
Nenhum comentário
  • Pino
Negocie cripto em qualquer lugar e a qualquer hora
qrCode
Digitalizar para transferir a aplicação Gate
Novidades
Português (Portugal)
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)