Pepe Coin Shorters Loses $17 Mln As PEPE Surges By 100%

Also Read: Pepe Price Shoots 106% As KuCoin, Crypto.Com Announce Listing

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PEPE Shorters Are In Deep Pain

According to the data provided by Coinglass, more than 56K traders were liquidated in the last 24 hours. While the total liquidations were calculated to stand around $179 million. However, around $30 million of funds got liquidated from Pepe traders amid its recent 100% price surge. While contract named 1000PEPE also reported $13.37 million liquidation in the same period of time.

pepe liq
Source: Coinglass

Data depicts that most of the positions taken by traders were short against the trending meme coin. Out of a total of $30 million, $17.35 million of liquidation (57.6%) turned out to be short. Traders were betting Pepe price to drop after a massive surge. However, with all the recent announcements done by top exchanges, PEPE price jumped by over 100%.

Also Read: Binance Alleged Of Evading Russian Sanctions; CZ Yet To Reply

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