PEPE Trader Capitulates, Selling All 114.7B Tokens for 366.5 ETH ($1.27M) at Breakeven Price

According to Lookonchain, the trader initially purchased the 114.7 billion PEPE tokens on May 14 and May 15 for $0.000011 per token, totaling $1.27 million.

A PEPE trader has sold all of his 114.7 billion tokens for 366.5 ETH, nearly breakeven after holding for over two weeks.

The trader initially purchased the tokens for $0.000011 each on May 14 and May 15, totaling $1.27 million.

The PEPE token price later surged to all-time highs of $0.00001718 on May 27, at which point his holdings were valued at $1.94 million, presenting a potential profit of $670,000.

However, the market took an unfavorable turn as PEPE's price began to decline, ultimately falling below the trader's breakeven point of $0.000011.

Faced with the sustained drop in PEPE's price, the trader decided to sell all 114.7 billion tokens at a breakeven price, yielding 366.5 ETH.

News source：https://www.kdj.com/cryptocurrencies-news/articles/pepe-trader-capitulates-selling-b-tokens-eth-m-breakeven-price.html

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