A trader lost approximately $477,000 due to FOMO buying and panic selling of PEPE coins within 9 days. According to on-chain data monitored by Spot On Chain, on December 10, the trader purchased 60.78 billion PEPE coins for a total of $1.59 million, using 4.75 WBTC and $150,000 USDC when the price was at a local high. However, after PEPE coins dropped 17.85% within 24 hours, the trader sold all assets for $1.11 million USDT, resulting in a loss of about $477,000 and a decline of 30%.

PEPE

PANews reported on December 19 that according to on-chain data monitored by Spot On Chain, a trader lost about $477,000 in 9 days due to FOMO buying and panic selling. On December 10, the trader at the address "0x4ec" purchased 60,782 million PEPE coins with 4.75 WBTC and $150,000 USDC (a total of $1.59 million), when the price was at a local high. However, after the PEPE coin fell 17.85% in 24 hours, the trader just sold all his assets for $1.108 million USDT, losing about $477,000, a drop of 30%.

Traders lost $477,000 due to FOMO buying and panic selling of PEPE tokens.