Nascent’s $PEPE Journey: From Big Buys to Missed Opportunities and Modest Profits
The universe of cryptocurrency is filled with narratives of monumental profits, yet it's also cluttered with missed chances and learned lessons. One prominent story concerns a well-known investor dubbed Nascent, who stirred the crypto scene with his enormous trades in the fashionable memecoin $PEPE. Even after sinking a crazy amount of cash into it and holding it for several months, Nascent's voyage with $PEPE ended in a profit far smaller than one would expect, given how much he seems to have pumped into the "asset." Here is a breakdown of the moves (or nonmoves) that made Nascent's $PEPE position such a poor performer, relative to the plants he'd presumably waterhad he done so. A Strong Start: Nascent’s Big $PEPE Purchases Between June 6 and July 15, 2024, the cryptocurrency market saw an aggressive play from Nascent, which took a staggering […]