Investment firm Nascent takes a bold move by investing in a plunging altcoin for the first time. Cryptocurrency onchain data reveals that Nascent’s wallets recently purchased $5.48 million worth of PEPE during a price dip on Binance. This strategic purchase has already resulted in an unrealized profit of $262,000, or 4.8%, as the price of PEPE has started to rise.
Upon further inspection of Nascent’s cryptocurrency wallets, it is evident that PEPE is now their largest asset, followed by Maker DAO (MKR). The firm has also seen significant gains of $2.45 million, or 248%, with their MKR investments. This successful move seems to have been influenced by the recent drop in memecoins during RoaringKitty’s live broadcast.
With total assets amounting to around $12.6 million, Nascent’s portfolio includes assets such as AWBTC, USDT, ACX, ETH, and USDC, in addition to PEPE and MKR. It is important to note that this information is for informational purposes only and should not be considered as investment advice.
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