Pepe Coin News: Pepe Coin (PEPE), the new trending meme crypto in the market is moving ahead displacing other existing meme tokens. However, a recent bet raised by Pepe short sellers has turned out to be the biggest mistake for them as PEPE marches towards fresh gains.
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Pepe Coin Price Surge Leaves Short Callers Stunned
As per the data provided by Coinglass, More than 25K traders were liquidated in the last 24 hours. The total liquidations come in at $74.12 million. However, short traders have been hit million as Pepe’s price rose by around 70% in the 24 hours.
Data depicts that more than $10.22 million worth of 4.92 trillion Pepe Coin were liquidated in the last 24 hours. $7.38 million (72.17%) Out of $10.22 of Pepe liquidations turned out to be short positions. This directs that most of the traders were expecting a drop in price from here. While just 2.84 million Long positions got liquidated over the past 24 hours.
The post Pepe Coin Short Seller Loses Millions As PEPE Nears $1 Billion Cap appeared first on CoinGape.
Source: https://coingape.com/pepe-coin-short-seller-loses-millions-as-pepe-nears-1-bln-cap/