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Giant Investment Company Says Goodbye to Pepe Coin: 175 Billion Assets Sent to the Exchange! - Coin Bulletin
Crypto investment firm Nascent only made a profit of 348,000 dollars by mistiming the sale of PEPE and missed out on a big opportunity for gain.
According to the data provided by the cryptocurrency analysis platform Lookonchain, investment company Nascent sold its last 175 billion PEPE at a value of (1.5 million dollars ) four hours ago.
Nascent had purchased a total of 608.85 billion PEPE for 7.73 million dollars between June 6th and July 15th, 2024. However, they started selling transactions with the sudden rise in PEPE price on November 13th, 2024.
Despite this, Nascent, who missed the most appropriate sales timing, made only 348 thousand dollars in profit. While cryptocurrency investors closely monitor the movements of large funds and whales, such transactions can have a significant impact on the market.
According to CoinGecko data, PEPE, which has shown a 30% increase in the last 1 week, is trading against the dollar at the time of writing.