The post Crypto Trader Loses $1M Overnight In Pepe Coin, Shares Heartbreaking Story appeared first on Coinpedia Fintech News
In a shocking turn of events, a crypto trader known as Crypto Nerd woke up to a devastating realization: he had been liquidated overnight, resulting in a loss of $1 million. Eventually, he leveraged a 3x long position on the PEPE coin. Meanwhile, the sudden drop in the price of PEPE, plummeting by as much as 20% overnight to $0.0000059, contributed to his substantial loss.
$1 Mln Loss Overnight
Crypto Nerd, a seasoned investor who has been involved in the crypto space since 2017, took to X to share his heartbreaking experience. According to his tweet, he had leveraged a 3x long position on PEPE, a cryptocurrency, only to suffer a catastrophic liquidation while he slept.
Just woke up and realised I got liquidated overnight.
I was 3x long PEPE.
I lost everything I had.
I don’t even have $1000 in my bank account but had $1M in binance.
I have been in
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