Gets Wrecked! Massive $153K Long Liquidation at $0.009579!
The frog-themed memecoin $PEPE just faced a brutal wipeout as a massive $153,000 long position got liquidated at $0.009579! The liquidation event sent shockwaves through the market, leaving traders scrambling as volatility spiked. What Just Happened? A high-leverage long bet was placed on PEPE, expecting the price to surge. However, a sudden drop triggered forced liquidation, wiping out the position and causing panic across the market. This isn’t the first time $PEPE has been on a rollercoaster ride, but this liquidation stands out due to its sheer size. The Aftermath Market Turbulence: The price action turned erratic, with massive sell-offs and short positions gaining momentum. Bearish Pressure? Liquidations like these often fuel further price drops as traders panic-sell or get liquidated themselves. A Bullish Rebound? Some traders see this as a potential bounce opportunity, with whales accumulating at lower levels. More Blood Incoming or a Reversal? With liquidations piling up, will PEPE see more downside pressure, or is this just a shakeout before a strong rebound? The memecoin space is known for its wild swings, and this could be a setup for either a big comeback or deeper correction. What’s next? Will PEPE holders HODL strong, or will bears take full control? Let’s hear your thoughts! Are you buying the dip, or sitting this one out?
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Gets Wrecked! Massive $153K Long Liquidation at $0.009579!
The frog-themed memecoin $PEPE just faced a brutal wipeout as a massive $153,000 long
position got liquidated at $0.009579! The liquidation event sent shockwaves through the market,
leaving traders scrambling as volatility spiked.
What Just Happened?
A high-leverage long bet was placed on PEPE, expecting the price to surge.
However, a sudden drop triggered forced liquidation, wiping out the position and causing panic across the market.
This isn’t the first time $PEPE has been on a rollercoaster ride, but this liquidation stands out due to its sheer size.
The Aftermath
Market Turbulence: The price action turned erratic, with massive sell-offs and short positions gaining momentum.
Bearish Pressure? Liquidations like these often fuel further price drops as traders panic-sell or get liquidated themselves.
A Bullish Rebound? Some traders see this as a potential bounce opportunity, with whales accumulating at lower levels.
More Blood Incoming or a Reversal?
With liquidations piling up, will PEPE see more downside pressure,
or is this just a shakeout before a strong rebound? The memecoin space is known for its wild swings,
and this could be a setup for either a big comeback or deeper correction.
What’s next? Will PEPE holders HODL strong, or will bears take full control? Let’s hear your thoughts! Are you buying the dip, or sitting this one out?