Crypto NewsAltcoinMajor Investment Firm Bets Big on Plunging Altcoin: Buying for the First...

Major Investment Firm Bets Big on Plunging Altcoin: Buying for the First Time

According to Onchain data, the investment company may have made a large inflow into one of the altcoins that experienced a big decline yesterday.

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According to cryptocurrency onchain data, wallets associated with cryptocurrency investment firm Nascent have made their first PEPE purchase ever.

Data shows that these wallets made $5.48 million worth of purchases on Binance during the PEPE price dip. Thanks to the purchase at the bottom, with the price increasing, Nascent wallets currently have an unrealized profit of 262 thousand dollars, or 4.8%, on PEPE positions at the time of writing.

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When the cryptocurrency wallets of the company in question are examined, it is seen that the largest asset in the current situation is PEPE, with the last sales and purchases. This is followed by Maker DAO (MKR) and the company has an unrealized profit of $2.45 million, or 248%, in MKR.

Nascent seems to have benefited from this dip in memecoins, which dropped sharply during RoaringKitty's live broadcast yesterday.

The company's total assets are around 12.6 million dollars. Following PEPE and MKR, AWBTC, USDT, ACX, ETH and USDC are the largest assets.

*This is not investment advice.

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