Floating losses exceed 10 million USD yet still increasing positions, what on earth is going on?
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天姐
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Regarding this 'PEPE trading success rate of 100% whale' adding to his position, I just want to share a few thoughts, everyone take a listen:
1. Why is the whale adding to his position at this time?
This guy is currently down 10.1 million USD, with his position shrinking by more than half, but he is still adding to his position! This move is a bit 'headstrong'. Either he thinks PEPE has hit the bottom and is ready to buy in big; or he genuinely believes in PEPE and thinks it can rise again in the future.
His previous trading success rate was 100%, indicating he truly has some skills. Although he’s currently facing losses, he might feel an opportunity has come and wants to lower his average cost by adding to his position, waiting for a rebound to recover some losses.
2. What’s the current situation with PEPE?
PEPE is currently priced at $0.00000772, down 55.6% from his entry cost of $0.00001735, which is indeed quite miserable. Meme coins, as everyone knows, can rise crazily and fall even crazier, completely depending on market sentiment.
This guy is currently down 10.1 million USD, with his position shrinking by more than half, but he is still adding to his position! This move is a bit 'headstrong'. Either he thinks PEPE has hit the bottom and is ready to buy in big; or he genuinely believes in PEPE and thinks it can rise again in the future.
His previous trading success rate was 100%, indicating he truly has some skills. Although he’s currently facing losses, he might feel an opportunity has come and wants to lower his average cost by adding to his position, waiting for a rebound to recover some losses.
2. What’s the current situation with PEPE?
PEPE is currently priced at $0.00000772, down 55.6% from his entry cost of $0.00001735, which is indeed quite miserable. Meme coins, as everyone knows, can rise crazily and fall even crazier, completely depending on market sentiment.
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