Pepe’s sudden drop leaves whale 500k in the red By Cointelegraph
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The price of new memecoin Pepe (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.
According to blockchain analytics service Lookonchain, one crypto “whale” purchased 962.3 billion Pepe tokens using 70 Wrapped (WBTC) and 470 Ether (ETH) for an average price of $0.000003122 on May 5.
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The price of new memecoin Pepe (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.
According to blockchain analytics service Lookonchain, one crypto “whale” purchased 962.3 billion Pepe tokens using 70 Wrapped (WBTC) and 470 Ether (ETH) for an average price of $0.000003122 on May 5.
Continue Reading on Coin Telegraph
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