// BEGIN ENQUEUE PARENT ACTION // AUTO GENERATED - Do not modify or remove comment markers above or below: if ( !function_exists( 'chld_thm_cfg_locale_css' ) ): function chld_thm_cfg_locale_css( $uri ){ if ( empty( $uri ) && is_rtl() && file_exists( get_template_directory() . '/rtl.css' ) ) $uri = get_template_directory_uri() . '/rtl.css'; return $uri; } endif; add_filter( 'locale_stylesheet_uri', 'chld_thm_cfg_locale_css' ); if ( !function_exists( 'chld_thm_cfg_parent_css' ) ): function chld_thm_cfg_parent_css() { wp_enqueue_style( 'chld_thm_cfg_parent', trailingslashit( get_template_directory_uri() ) . 'style.css', array( 'font-awesome-v5','bootstrap','sidr','magnific-popup','sliderpro' ) ); wp_enqueue_script('custom-script', get_stylesheet_directory_uri() . '/custom-script.js', array('jquery')); } endif; add_action( 'wp_enqueue_scripts', 'chld_thm_cfg_parent_css', 10 ); // END ENQUEUE PARENT ACTION add_action( 'admin_enqueue_scripts', 'my_cfg_admin_enqueue' ); function my_cfg_admin_enqueue(){ wp_enqueue_script('custom-script', get_stylesheet_directory_uri() . '/custom-script.js', array('jquery')); wp_enqueue_style('style-cfg-child', get_stylesheet_uri(), array(), "4.2"); } add_action( 'after_setup_theme', 'remove_plugin_image_sizes', 999 ); function remove_plugin_image_sizes(){ remove_image_size( '2048x2048' ); remove_image_size( '1536x1536' ); remove_image_size( 'large' ); } function action_dynamic_sidebar_after( $array ) { if($array == "home-content-widgets") { echo the_content(); } }; add_action( 'dynamic_sidebar_after', 'action_dynamic_sidebar_after', 10, 1 ); add_action( 'trashed_post', 'mtp_delete_attached_thumbnail_for_trashed_product', 20, 1 ); function mtp_delete_attached_thumbnail_for_trashed_product( $post_id ) { // gets ID of post being trashed $post_type = get_post_type( $post_id ); // does not run on other post types if ( $post_type != 'post' ) { return true; } // get ID of featured image $post_thumbnail_id = get_post_thumbnail_id( $post_id ); // delete featured image wp_delete_attachment( $post_thumbnail_id, true ); }/** * The header for our theme * * This is the template that displays all of the section and everything up until
* * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?> PEPE’s sudden drop leaves whale 500K in the red – CoinsMegaNews

PEPE’s sudden drop leaves whale 500K in the red

2 years ago CryptoExpert
PEPE’s sudden drop leaves whale 500K in the red

[ad_1]

The price of new memecoin PEPE has plunged more than 42% only days after reaching its all-time high on May 6, leaving at least one investor with hundreds of thousands in paper losses. 

According to blockchain analytics service Lookonchain, one crypto “whale” purchased 962.3 billion PEPE using 70 Wrapped Bitcoin (WBTC) and 470 Ether (ETH) for an average price of $0.000003122 on May 5.

PEPE has, however, fallen 42% from its all-time high since then, according to CoinGecko. The crypto investor’s PEPE holdings are now estimated to be worth only $2.4 million, marking an unrealized loss of more than $600,000.

Despite the recent price decline, PEPE still holds a market capitalization of just over $1 billion, making it the 45th-largest cryptocurrency by overall valuation.

Price action of PEPE since inception. Source: CoinGecko

Since its inception on April 14, PEPE has attracted widespread attention, witnessing over $636 million in trading volume within the last 24 hours, and single-handedly burning more than 5,000 ETH in related gas fees via Uniswap trading as of May 5.

While the memecoin has witnessed extreme volatility in its price, the number of individual holders has increased steadily over the past three weeks. According to data from Dune Analytics, there are 144,534 individual holders of tokens at the time of publication.

Related: Memecoin mania: Social relevance, speculation drives PEPE surge

Individual holders of the Pepe token. Source: Dune Analytics

The advent of memecoin mania has also driven fees on the Bitcoin network to surge to their highest levels of the last two years, following an enormous spike in Bitcoin activity involving BRC-20-related transactions.

Memecoins have played a role in the cryptocurrency industry since the creation of the most widely recognized meme-based cryptocurrency, Dogecoin (DOGE), back in 2013. It’s worth pointing out that due to the inherent lack of any fundamentals, investment in memecoins can be an incredibly risky trading strategy, with vast sums of wealth being made and obliterated in equal measure.

Asia Express: Justin Sun’s SUI-farming sins, PEPE’s wild run, 3AC’s oyster philosophy



[ad_2]

Source link

Tags:

More Stories

Which Will be the Top Meme Coins in April? ChatGPT Analyzes

Which Will be the Top Meme Coins in April? ChatGPT Analyzes

1 year ago CryptoExpert
Time to Buy Dogecoin (DOGE) Before it Pops to $1? This Popular Analyst Thinks So

When is the DOGE Bull Run Starting?

1 year ago CryptoExpert
Time to Buy Dogecoin (DOGE) Before it Pops to $1? This Popular Analyst Thinks So

Dogecoin (DOGE) Must Break Above This Level To Reach New ATH: Details

1 year ago CryptoExpert
Dogecoin (DOGE) Price Predictions, Bitcoin's Attempt at $70K, Shiba Inu (SHIB) Adoption, : Bits Recap April 8

Dogecoin (DOGE) Price Predictions, Bitcoin’s Attempt at $70K, Shiba Inu (SHIB) Adoption, : Bits Recap April 8

1 year ago CryptoExpert
Outrageous Price Predictions for 2025

Outrageous Price Predictions for 2025

1 year ago CryptoExpert
Will SHIB and DOGE Skyrocket After the Upcoming Bitcoin Halving?

Will SHIB and DOGE Skyrocket After the Upcoming Bitcoin Halving?

1 year ago CryptoExpert

Leave a Reply

Your email address will not be published. Required fields are marked *

/** * The template for displaying the footer * * Contains the closing of the #content div and all content after. * * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?>

You may have missed

Online Gambling Establishment Real Money: A Comprehensive Overview to Winning Large

3 days ago xtw18387208b

How to Deposit at Online Gambling Establishments Using Neteller

3 days ago xtw18387208b

Free Online Slots No Download: The Ultimate Guide

3 days ago xtw18387208b

The Best Places to Play Casino Games Online

3 days ago xtw18387208b