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Liza
@haloperidol
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An anonymous trader spent $477,000 due to investments in the Pepe (PEPE) token. FOMO was the cause of a greater loss.
Over the past year, the price of PEPE has increased by 1400%, and its recent capitalization has increased by more than 16 times. According to Spotonchain, on December 10, an anonymous trader spent 4.75 WBTC and 150,000 USDC (about $1.59 million in total) to purchase 60.782 billion PEPE tokens. At that time, this memcoin reached an histopic maximum, and the index of stress and greed was at the level of 78.
On the other how, after Pepe had a price of more than 10% on Dece on 19 December, the trader took up and sold all his assets, fixing a loss 🫢🫢 2 replies
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Arthur Hayes, co-founder of the BitMEX crypto exchange, expressed the opinion that cryptocurrency markets may face a serious downturn around the day of President Trump’s inauguration on January 20, 2025. He plans to reduce certain positions in advance, hoping to buy back key assets at lower prices in the first half of 2025. Hayes is also skeptical about the possibility of creating national bitcoin reserves, considering it unlikely.
In his opinion, the effective period of Trump’s policy will be no more than a year, but investors have excessive expectations on him, hoping for a quick change in the current situation. When the market realizes that it will be difficult for Trump to implement effective changes in the short term, it can provoke a wave of asset sales, including cryptocurrencies. 1 reply
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