Losses on $PEPE shorts were third only to bitcoin and ether futures liquidations, as the meme coin reached a near $900 million valuation. By shauryamalwa.
Pepe coin is the token that keeps on giving, at least so far. The tokens have run from strength to strength in the past week even as skeptics warned of an impending collapse, gaining some 500% in the past two weeks as per CoinGecko data.the apparent number of whales – or entities who hold large amounts of any token – who purchased PEPE in the hours after it was first issued in mid-April.. Shorts refer to bets against a token’s price.
shows shorts against pepe lost at least $11 million on several exchanges over the past 24 hours – with traders losing $5.5 million on crypto exchange OKX alone, the highest figure among counterparts. Pepe losses were third to only bitcoin and ether futures liquidations, which usually rack up the highest futures losses.
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