A crypto trader has been actively trading PEPE and decided to capitulate for an accumulated $2 million in losses. This is because the trader started selling his PEPE stack below the dollar-cost average (DCA) as cryptocurrencies experienced a crash.
Finbold retrieved data from SpotOnChain on June 26, consolidating the trading history and results from the Ethereum (ETH) address ‘0x8376…‘.
Overall, this crypto trader purchased 2.253 trillion PEPE at an average price of $0.00001325 per token. Lately, the whale started selling this stack, with an increased selling activity in the past 8 hours from publication time.
So far, 0x8376 has sold 1.953 trillion PEPE for an average of $0.00001249 per token, resulting in $1.577 million in losses with PEPE alone. The trader’s total crypto PnL since 2021 is $1.989 million, of which $1.875 million is realized losses, most from the PEPE’s capitulation.
0x83768992b44f9afad68889ca59f36507fe00d8f7 PnL. Source: SpotOnChain
Crypto trade
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