The new wallet address 0x122…002bA has added to its PEPE position with a large volume, holding a total of 218.6 billion PEPE, facing an unrealized loss of approximately 140,000 USD.
The transaction of withdrawing 107.8 billion PEPE in 10 hours from Coinbase shows an increase in position, with an average price of about 0.00001173 USD/PEPE, resulting in an estimated unrealized loss of 140,000 USD.
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The wallet address 0x122…002bA added to the position with 107.8 billion PEPE in 10 hours.
The total amount of PEPE held is 218.6 billion, with an average purchase price of 0.00001173 USD.
The position is currently facing an unrealized loss of approximately 140,000 USD.
How has the new wallet address 0x122…002bA participated in PEPE trading?
The wallet address 0x122…002bA first opened a PEPE position on the day before August 15 and has continued to add to the position recently. Withdrawing 107.8 billion PEPE from Coinbase within 10 hours indicates a move to increase investment in this Token.
Transaction behavior analysis shows that the individual or organization owning this wallet is actively buying more with the aim of expanding their position. This action may reflect medium-term confidence in the PEPE Token or an increased investment strategy when prices are still low.
What is the average price and the profit/loss status of the PEPE position?
The average withdrawal price of 107.8 billion PEPE is approximately 0.00001173 USD/PEPE, leading to a current position valued lower than the purchase price, creating an estimated unrealized loss of around 140,000 USD.
This temporary loss may be due to market volatility or fluctuations in the price of the PEPE Token. However, investors may expect a recovery if the market rises again or apply a long-term investment strategy.
Adding to the position at low price points indicates a strong buying strategy, taking advantage of market opportunities to increase the portfolio.
Cryptocurrency analyst, August 2024
Frequently Asked Questions
How much PEPE has the wallet address 0x122…002bA purchased in this round?
This address has withdrawn and added an additional 107.8 billion PEPE within 10 hours from Coinbase.
How is the average purchase price of PEPE calculated?
The average withdrawal price of PEPE is calculated to be about 0.00001173 USD per Token, based on the total withdrawal value.
Is the current PEPE position at a loss?
The current position is facing an unrealized loss of approximately 140,000 USD with the average purchase price mentioned above.
What does withdrawing PEPE from Coinbase mean?
Withdrawing PEPE from Coinbase may aim for long-term storage or off-exchange trading, indicating a move to enhance the position.
What strategy might the wallet owner be implementing?
They might be applying a long-term buying strategy or increasing their position when the Token price is low.
Source: https://tintucbitcoin.com/pepe-lo-gan-140-000-usd/
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