Pepe

Overnight

Pepe Coin

Story

<p>The post <a href="https://coinpedia.org/news/crypto-trader-loses-1m-overnight-in-pepe-coin-shares-heartbreaking-story/">Crypto Trader Loses $1 Million Overnight in PEPE Coin Liquidation Bloodbath</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>In a shocking turn of events, Crypto Nerd, a well-known figure in the crypto world, woke up to a devastating realization: his assets had been liquidated overnight, leaving him with a staggering loss of $1 million. </p> 
<p>How did this happen? Let’s explore the gripping saga that unfolded while the world slept.</p> 
<h2 class="wp-block-heading" id="h-crypto-shocker-what-went-wrong">Crypto Shocker: What Went Wrong?</h2> 
<p>In the early hours, Crypto Nerd, an experienced investor with a track record in crypto since 2017, found himself in financial turmoil. His decision to take a bold 3x long position on the <a href="https://coinpedia.org/price-analysis/pepe-price-poised-for-50-spike-soon-heres-why/">PEPE coin</a> would soon prove to be his downfall. Little did he anticipate the swift downturn of the market, causing <a href="https://coinpedia.org/price-prediction/pepecoin-pepe-price-prediction/">PEPE’s value</a> to plummet by a shocking 20% overnight, down to a mere $0.0000059.</p> 
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   <p lang="en" dir="ltr">Just woke up and realised I got liquidated overnight.<br><br>I was 3x long PEPE.<br><br>I lost everything I had. <br><br>I don't even have $1000 in my bank account but had $1M in binance.<br><br>I have been in crypto since 2017. <br><br>Today I lost everything. <br><br>Feel like doing suicide <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f62d.png" alt="😭" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f62d.png" alt="😭" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://t.co/XAZeatuWW7">pic.twitter.com/XAZeatuWW7</a></p>— Crypto Nerd (@cryptonerd75) <a href="https://twitter.com/cryptonerd75/status/1778927379479720280?ref_src=twsrc%5Etfw">April 12, 2024</a>
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<p>The sudden and drastic loss serves as a stark reminder of the volatile nature of the cryptocurrency market and the risks associated with leveraging positions. Despite Crypto Nerd’s years of experience in the industry, this incident took place; proving that even seasoned traders are not immune to the potential pitfalls of high-risk trading strategies.</p> 
<h2 class="wp-block-heading" id="h-pepe-coin-liquidation-nbsp">Pepe Coin Liquidation&nbsp;</h2> 
<p>Within just 24 hours, a staggering 296,926 traders faced a similar fate, succumbing to liquidation and collectively suffering $939.54 million in losses, as <a href="https://www.coinglass.com/LiquidationData">reported by Coinglass</a>. Among the casualties, PEPE coin bore the brunt of the onslaught, with a total <a href="https://www.coinglass.com/currencies/PEPE">liquidation toll</a> of $8.77 million, leaving devastation in its wake.</p> 
<p>Today’s catastrophic losses can be attributed to a combination of global market downturns and escalating geopolitical tensions. The once-steadfast PEPE coin found itself caught in the crossfire, plunging by an unprecedented 20%, as trading volume surged to a staggering $1.32 billion.</p> 
<p>Also Read: <a href="https://coinpedia.org/news/top-7-altcoins-eyeing-20-50x-growth-with-potential-binance-listings/">Top 7 Altcoins to Buy for 20–50x Growth Post Binance Listing</a></p> 
<h2 class="wp-block-heading" id="h-community-in-shock">Community in Shock </h2> 
<p>Crypto Nerd’s story resonated with many in the crypto community, prompting discussions about <a href="https://coinpedia.org/guest-post/expert-tips-and-techniques-for-effective-risk-management-in-forex-trading/">risk management strategies</a> and the importance of being prepared for unexpected market movements.&nbsp;</p> 
<p>As the crypto market continues to evolve, traders are reminded to exercise caution and diligence in their investment decisions.</p>

Crypto Trader Loses $1 Million Overnight in PEPE Coin Liquidation Bloodbath

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