News View Non-AMP

Crypto Trader Loses $1 Million Overnight in PEPE Coin Liquidation Bloodbath

Published by
Mustafa Mulla

In a shocking turn of events, Crypto Nerd, a well-known figure in the crypto world, woke up to a devastating realization: his assets had been liquidated overnight, leaving him with a staggering loss of $1 million.

How did this happen? Let’s explore the gripping saga that unfolded while the world slept.

Crypto Shocker: What Went Wrong?

In the early hours, Crypto Nerd, an experienced investor with a track record in crypto since 2017, found himself in financial turmoil. His decision to take a bold 3x long position on the PEPE coin would soon prove to be his downfall. Little did he anticipate the swift downturn of the market, causing PEPE’s value to plummet by a shocking 20% overnight, down to a mere $0.0000059.

The sudden and drastic loss serves as a stark reminder of the volatile nature of the cryptocurrency market and the risks associated with leveraging positions. Despite Crypto Nerd’s years of experience in the industry, this incident took place; proving that even seasoned traders are not immune to the potential pitfalls of high-risk trading strategies.

Pepe Coin Liquidation

Within just 24 hours, a staggering 296,926 traders faced a similar fate, succumbing to liquidation and collectively suffering $939.54 million in losses, as reported by Coinglass. Among the casualties, PEPE coin bore the brunt of the onslaught, with a total liquidation toll of $8.77 million, leaving devastation in its wake.

Today’s catastrophic losses can be attributed to a combination of global market downturns and escalating geopolitical tensions. The once-steadfast PEPE coin found itself caught in the crossfire, plunging by an unprecedented 20%, as trading volume surged to a staggering $1.32 billion.

Also Read: Top 7 Altcoins to Buy for 20–50x Growth Post Binance Listing

Community in Shock

Crypto Nerd’s story resonated with many in the crypto community, prompting discussions about risk management strategies and the importance of being prepared for unexpected market movements. 

As the crypto market continues to evolve, traders are reminded to exercise caution and diligence in their investment decisions.

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Recent Posts

M2 Money Supply vs. Global Liquidity: Don’t Get Mistaken!

The crypto market is always shifting based on global money trends, but a new debate…

April 1, 2025

XRP’s Worst-Case Scenario Could See a Drop to $0.30

XRP holders are finding themselves at a crossroads as recent market trends raise questions about…

April 1, 2025

Bitcoin’s Price Dropped by 5%—Experts are Seizing the Moment: RUVI AI’s Token Presale Launching in a few Hours

Bitcoin, the flagship cryptocurrency, has taken a hit with a 5% drop in its price.…

April 1, 2025

Will Dogecoin (DOGE) Crash or Skyrocket?: Data

Amid market uncertainty, Dogecoin (DOGE), a popular and the world’s largest crypto meme coin, appears…

April 1, 2025

Should Shiba Inu (SHIB) & Dogecoin (DOGE) Be Worried? Panshibi (SHIBI) Emerges As Best New Investment Pick This Easter!

According to historical footprints in the global crypto market, festive seasons are always important for…

April 1, 2025

Massive Buys Continue Into Panshibi (SHIBI) The Wildcard Launch As Pepe (PEPE) & Shiba Inu (SHIB) Investors Join The Bull-Run

Pepe Coin (PEPE) continues to struggle. Resistance limits upward momentum, and even a potential rally…

April 1, 2025