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Analysis

Early PEPE Buyer Loses $174K In Second Deal, Traders Suffer Big Loss After Earnings

August 31, 2023 - Around 2 mins mins to read

Key Points:

  • Early PEPE buyer 0x025 made a loss of $174K (-43.4%) after selling 263B PEPE for 226K DAI in his second deal.
  • However, the trader had previously earned 1,414 ETH ($2.61M) from the first cycle.
Early PEPE buyer 0x025 sold 263B for 226K DAI, closing second deal at a loss of $174K (-43.4%) after earning 1,414 ETH ($2.61M) in first cycle.

An early buyer 0x025, who previously went by the name “pepeworldorder.eth,” recently sold 263 billion PEPE for 226,000 DAI, closing his second PEPE deal at a loss of $174,000 (-43.4%) after 52 days. Despite this loss, the trader had previously earned 1,414 ETH (approximately $2.61 million) from the first cycle.

Early PEPE Buyer Loses $174K In Second Deal, Traders Suffer Big Loss After Earnings
Source: etherscan

On July 12th, Sport On Chain reported that two PEPE early buyers and strong advocates had been buying more PEPE over the past week. Trader 0x025, who earned 1,414.5 ETH from PEPE, spent 400,000 USDT to buy 263 billion PEPE. Osf.eth (osf_rekt) earned 92.12 ETH from PEPE and spent 145.8 ETH to buy 178.7 billion PEPE.

Trader 0x025’s first cycle, which ran from April 17th to May 31st, involved buying 3.7 trillion PEPE with 329 ETH and selling them for 1,744 ETH. This resulted in an impressive earning of 1,415 ETH, or a ROI of 429%. In the current cycle, which started on July 10th, the trader bought 263 billion PEPE with 400,000 USDT at an average price of $0.00000152, resulting in a small profit of $252.

Early PEPE Buyer Loses $174K In Second Deal, Traders Suffer Big Loss After Earnings

Osf_rekt’s first cycle, which ran from April 18th to 19th, saw the trader buy 1.6 trillion PEPE with 51 ETH and sell them all for 143 ETH, earning 92 ETH (ROI: 180%). In the current cycle, which started on June 1st, the trader bought 694 billion PEPE on Bybit & DEX with approximately 586 ETH at an average price of $0.0000016, resulting in a current loss of -$56.7K.

Early PEPE Buyer Loses $174K In Second Deal, Traders Suffer Big Loss After Earnings

In addition to these recent developments, a Twitter personality known as KOL Pauly has pointed fingers at the true identity behind the enigmatic PEPE coin.

Early PEPE Buyer Loses $174K In Second Deal, Traders Suffer Big Loss After Earnings
Zachary Testa

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Pepe

PEPE Coin

PEPE Crypto

Pepe Frog

Pepe Token

Pepecoin Plummets

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Author

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.
Analysis

Early PEPE Buyer Loses $174K In Second Deal, Traders Suffer Big Loss After Earnings

Key Points:

  • Early PEPE buyer 0x025 made a loss of $174K (-43.4%) after selling 263B PEPE for 226K DAI in his second deal.
  • However, the trader had previously earned 1,414 ETH ($2.61M) from the first cycle.
Early PEPE buyer 0x025 sold 263B for 226K DAI, closing second deal at a loss of $174K (-43.4%) after earning 1,414 ETH ($2.61M) in first cycle.

An early buyer 0x025, who previously went by the name “pepeworldorder.eth,” recently sold 263 billion PEPE for 226,000 DAI, closing his second PEPE deal at a loss of $174,000 (-43.4%) after 52 days. Despite this loss, the trader had previously earned 1,414 ETH (approximately $2.61 million) from the first cycle.

Early PEPE Buyer Loses $174K In Second Deal, Traders Suffer Big Loss After Earnings
Source: etherscan

On July 12th, Sport On Chain reported that two PEPE early buyers and strong advocates had been buying more PEPE over the past week. Trader 0x025, who earned 1,414.5 ETH from PEPE, spent 400,000 USDT to buy 263 billion PEPE. Osf.eth (osf_rekt) earned 92.12 ETH from PEPE and spent 145.8 ETH to buy 178.7 billion PEPE.

Trader 0x025’s first cycle, which ran from April 17th to May 31st, involved buying 3.7 trillion PEPE with 329 ETH and selling them for 1,744 ETH. This resulted in an impressive earning of 1,415 ETH, or a ROI of 429%. In the current cycle, which started on July 10th, the trader bought 263 billion PEPE with 400,000 USDT at an average price of $0.00000152, resulting in a small profit of $252.

Early PEPE Buyer Loses $174K In Second Deal, Traders Suffer Big Loss After Earnings

Osf_rekt’s first cycle, which ran from April 18th to 19th, saw the trader buy 1.6 trillion PEPE with 51 ETH and sell them all for 143 ETH, earning 92 ETH (ROI: 180%). In the current cycle, which started on June 1st, the trader bought 694 billion PEPE on Bybit & DEX with approximately 586 ETH at an average price of $0.0000016, resulting in a current loss of -$56.7K.

Early PEPE Buyer Loses $174K In Second Deal, Traders Suffer Big Loss After Earnings

In addition to these recent developments, a Twitter personality known as KOL Pauly has pointed fingers at the true identity behind the enigmatic PEPE coin.

Early PEPE Buyer Loses $174K In Second Deal, Traders Suffer Big Loss After Earnings
Zachary Testa

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.