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A recent report from Spot On Chain, a blockchain analytics firm, has revealed that a major cryptocurrency investor, known as a “whale,” has suffered a big loss with Pepe Coin (PEPE). The investor had deposited 519 billion PEPE tokens worth about $5.11 million on Binance.JOIN CRYPTOS HEADLINES<a href="https://t.me/CryptosHeadlines" rel="noopener noreferrer nofollow">TELEGRAM CHANNEL</a><img src="https://academy-public.coinmarketcap.com/optimized-uploads/068c2c6e123d4b46a20bcfbd1ebd046a.svg&#43;xml" />The reasons behind the sale are not entirely clear, but the data shows that the investor faced a loss of around $207,000, which is a 3.9% drop from their initial investment. The <a href="https://cryptosheadlines.com/pepe-tokens-emergence-in-the-cryptocurrency-market/" rel="noopener noreferrer nofollow">PEPE tokens were bought before the cryptocurrency</a> reached its highest price in late May. If the <a href="https://cryptosheadlines.com/gme-token-investor-loses-a-million-dollars-heres-what-happened/" rel="noopener noreferrer nofollow">investor had sold their tokens</a> at that peak, they could have made a potential profit of $3.47 million.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/25c88142d42b4be49e94c17823b3538a.png" /><h3 id="major-investor-faces-additional-losses-amid-pepe-decline">Major Investor Faces Additional Losses Amid PEPE Decline</h3>Further analysis by Spot On <a href="https://cryptosheadlines.com/creator-of-terra-classic-reveals-new-chain-of-smart-apps-powered-by-ai/" rel="noopener noreferrer nofollow">Chain reveals</a> that the investor may be struggling with even more financial trouble. The report points out unrealized losses amounting to $6.68 million on other cryptocurrency assets, such as AAVE and YFI.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/c2e137f5e093479888001a7f80ba92e2.png" />Source: <a href="https://x.com/spotonchain/status/1809757410061611116" rel="noopener noreferrer nofollow">X – Spot On Chain</a>In the meantime, the popular “frog” meme token, PEPE, is currently priced at $0.0000092. This <a href="https://cryptosheadlines.com/sec-drops-proposed-digital-assets-definition-from-final-hedge-fund-rules/" rel="noopener noreferrer nofollow">digital asset has dropped</a> over 23% this week and saw a peak decline of 36%, reaching levels not seen since early May.The future of the <a href="https://cryptosheadlines.com/big-investor-snaps-up-66-billion-pepe-tokens-in-a-remarkable-3-day-spree/" rel="noopener noreferrer nofollow">PEPE token</a> remains uncertain, and it appears that one major investor is particularly affected by the recent downturn.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/29f6d8aa0b8b4a51887fde8f1db60ab4.png" />Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

Whale Loses $3.5M on PEPE: What Went Wrong?

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