Investment firm Nascent takes a bold move by investing in a plunging altcoin for the first time. Onchain data reveals that Nascent’s wallets recently purchased $5.48 million worth of PEPE on Binance during a price dip, resulting in an unrealized profit of $262 thousand, or 4.8%.
PEPE now holds the top position in Nascent’s cryptocurrency wallets, followed by Maker DAO (MKR) where the company has seen a significant unrealized profit of $2.45 million, or 248%. The recent dip in memecoins, which occurred during RoaringKitty’s live broadcast, seems to have worked in Nascent’s favor.
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 not intended as investment advice.
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