Major $PEPE Trade Ends in Breakeven After Potential Huge Profit Missed

A trader who had acquired a substantial 114.7 billion $PEPE tokens on May 14 and May 15 for $1.27 million, recently exited the position entirely, selling all holdings for 366.5 Ethereum (ETH), which also amounted to $1.27 million. This breakeven sale marked a significant decision point for the trader who chose not to capitalize on a previous 50% profit margin.

This $PEPE trader capitulated and sold all 114.7B $PEPE for 366.5 $ETH($1.27M) at a breakeven price.

He bought 114.7B $PEPE($1.27M) at $0.000011 on May 14 and May 15.

The price of $PEPE broke through $0.000017 on May 27, at which time his profit was $670K(+50%), but he did not… pic.twitter.com/aPxuftE1yI

— Lookonchain (@lookonchain) June 15, 2024

On May 27, the price of $PEPE surged to $0.000017 per token, elevating the trader’s investment value to nearly $1.94 million, a 50% increase translating into a $670,000 profit. Despite this substantial potential gain, the trader did not liquidated their position during this peak.

Downward Price Trend

Following the spike, $PEPE’s price took a downturn, continuously dropping until it fell below the original purchase price, erasing any unrealized profits. This downtrend prompted the trader to eventually sell all assets at the original purchase value, thus avoiding potential further losses but also forfeiting earlier profit opportunities. 

This transaction highlights the volatility and risk associated with cryptocurrency investments, where significant gains can quickly turn into losses, urging traders to make timely decisions based on market trends and personal investment strategies.