Altcoin News- A crypto investor made a massive profit in 4 days through Pepe tokens.
- The liquidity crisis in the Pepe token network poses a challenge for exiting trades.
- A disparity exists between the assessed value of assets and actual cash holdings.
According to recent data by etherscan, a crypto investor swapped 0.125 Ethereum (ETH), worth $250, for 5.9 trillion PEPE tokens four days ago. But surprisingly, the investor currently is now worth $1.02 million in Pepe tokens.
Investors may need help to make such a significant profit within four days due to the liquidity crisis in the Pepe token network. Upon closer examination, it becomes apparent that although the memecoin investor currently possesses $1.02 million worth of PEPE tokens, a disparity exists between the assessed value of assets and actual cash holdings.
Sell Option Will Collapse Price Action
According to Grzegorz Drozdz who is a market analyst at Conotoxia LTD, states that these assets would take more than 46,200 years to liquidate, assuming demand remains constant. Exiting the trade prematurely could result in the price dropping below the entry point. To illustrate this problem, Drozdz used the analogy of “billionaires trying to monetize their wealth,” He stated that “an effort to sell the wealth could cause a collapse in their share price.”
Over the past 24 hours, the value of the Pepe market has surged by a remarkable 79%. As a result, the meme coin with a frog-themed design is now trading at $0.0000002989. Based on analysis, it’s determined that the memecoin has established support and resistance levels at $0.0000001369 and $0.0000003678, respectively.
The current trend in the PEPE token is highly optimistic and is expected to continue over the next few hours. This projection is primarily due to a significant surge in its trading volume increased by 163.06% to reach $155,799,833.
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Source: https://thenewscrypto.com/crypto-investor-makes-1m-in-4-days-with-pepe-tokens/