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A major investment company buys the meme cryptocurrency PEPE during the downturn

A major investment company buys the meme cryptocurrency PEPE during the downturn

Cryptodnes2024/06/10 10:49
By:Cryptodnes

According to the latest data from the chain, investment company Nascent has made its first purchase of PEPE tokens.

The company's portfolios have acquired PEPPER worth $5.48 million on Binance during the price drop. As a result of the bottom buy, Nascent has an unrealized gain of $262,000, or 4.8%, on its PEPE positions.

A closer look at Nascent's crypto wallets reveals that PEPE is now the firm's largest asset. This significant position is followed by Maker DAO (MKR) , where Nascent enjoyed an unrealized profit of $2.45 million, representing a hefty 248% gain.

Nascent benefited from the recent decline in the prices of meme cryptocurrencies, which fell sharply during RoaringKitty's live stream . This strategic move highlighted the company's ability to use market conditions to its advantage.

READ MORE:
BRICS: Bitcoin Could Completely Change World Finance - IMF

In total, Nascent's assets are valued at approximately $12.6 million. Besides PEPE and MKR, the firm's portfolio includes AWBTC, USDT , ACX, ETH и USDC . These assets further illustrate Nascent's diversified investment strategy within the crypto market.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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