A PEPE trader sold 114.7 billion PEPE to protect his capital

According to Lookonchain monitoring, a certain PEPE trader panicked and sold 114.7 billion PEPE at a price of 366.5 ETH ($1.27 million) to reach the breakeven point.

The trader purchased 114.7 billion PEPE for $1.27 million at a price of $0.000011 on May 14th and 15th. On May 27th, when the price of PEPE exceeded $0.000017, the trader's profit was $670,000 (+50%), but he did not choose to sell for profit.

Then, the price of PEPE continued to decline and fell below the breakeven point. Finally, the trader panicked and sold all of his PEPE.