{"id":17890,"date":"2024-04-14T17:13:39","date_gmt":"2024-04-14T17:13:39","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=17890"},"modified":"2024-04-14T14:16:07","modified_gmt":"2024-04-14T14:16:07","slug":"popular-crypto-trader-loses-entire-fortune-on-pepe-shares-heartbreaking-post","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/popular-crypto-trader-loses-entire-fortune-on-pepe-shares-heartbreaking-post\/","title":{"rendered":"Popular Crypto Trader Loses Entire Fortune on PEPE, Shares Heartbreaking Post"},"content":{"rendered":"<p>The bitter consequences of April 12th&#8217;s crypto market crash are beginning to unfold.<\/p>\n<p>Cryptocurrency investors, particularly those who held leveraged positions, experienced a nightmare scenario yesterday. While the market&#8217;s decline appears to have stabilized for now, the full extent of the damage is becoming clearer today.<\/p>\n<p>Yesterday&#8217;s market plunge resulted in mass liquidations, with total liquidations reaching close to $1 billion and the number of liquidated traders surpassing 300 million. One of these unfortunate traders has made headlines today.<\/p>\n<p>A crypto trader known as Crypto Nerd was liquidated on his long position in the meme coin <a href=\"https:\/\/coinengineer.net\/blog\/whats-next-for-pepe-after-12-surge\/\">PEPE<\/a> yesterday. Having lost over $1 million in total, the trader revealed that he was left with barely $1,000 in his bank account:<\/p>\n<p>&#8220;I just woke up and realized I got liquidated overnight. I was long PEPE with 3x leverage. I lost everything I had. I don&#8217;t even have $1000 in my bank account but I had $1 million on Binance. I&#8217;ve been in crypto since 2017 and today I lost everything.&#8221;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-17891\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/04\/nerd-scaled.webp\" alt=\"\" width=\"1153\" height=\"2560\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/04\/nerd-scaled.webp 1153w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/04\/nerd-135x300.webp 135w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/04\/nerd-461x1024.webp 461w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/04\/nerd-768x1706.webp 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/04\/nerd-692x1536.webp 692w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/04\/nerd-922x2048.webp 922w\" sizes=\"auto, (max-width: 1153px) 100vw, 1153px\" \/><\/p>\n<p>The trader, who claimed to have no life outside of crypto, expressed being on the verge of suicide.<\/p>\n<p><em>Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong>\u00a0 ,<\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a> channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The bitter consequences of April 12th&#8217;s crypto market crash are beginning to unfold. Cryptocurrency investors, particularly those who held leveraged positions, experienced a nightmare scenario yesterday. While the market&#8217;s decline appears to have stabilized for now, the full extent of the damage is becoming clearer today. Yesterday&#8217;s market plunge resulted in mass liquidations, with total<\/p>\n","protected":false},"author":1,"featured_media":17892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[5410,5409,5408,2068,2910,2191,466,5411],"class_list":["post-17890","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto-market-crash","tag-crypto-nerd","tag-crypto-trader","tag-leverage","tag-liquidation","tag-meme-coin","tag-pepe","tag-suicide"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Popular Crypto Trader Loses Entire Fortune on PEPE, Shares Heartbreaking Post - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Cryptocurrency investors, particularly those who held leveraged positions, experienced a nightmare scenario yesterday. 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