PEPE whale incurs a floating loss of $14.24 million, requiring a 281% increase to break even

【ChainNews】An interesting data point worth noting. A PEPE whale tracked on a certain chain has been accumulating since June last year, buying a total of 13,100,000 PEPE tokens with an average cost of $0.00001683. Honestly, this wave of operations shows quite a focus on cost control.

But to be fair, this whale also couldn’t avoid the market correction. During the dip on October 11th last year, PEPE dropped to $0.00000279, and at that time, this position was floating at a loss of $18.43 million, with the account drawdown exceeding 83%. That kind of experience is probably quite uncomfortable.

The situation has now eased, with the unrealized loss reduced to $14.24 million. However, to fully break even, PEPE needs to rise another 281%. This also reflects how volatile projects like PEPE can be — from historical lows to the current recovery potential, there is indeed room for growth, but investors’ patience and costs are also factored in.