A major investment company buys the meme cryptocurrency PEPE during the downturn

According to the latest data from the chain, investment company Nascent has made its first purchase of PEPE tokens.

The company's portfolios have acquired PEPPER worth $5.48 million on Binance during the price drop. As a result of the bottom buy, Nascent has an unrealized gain of $262,000, or 4.8%, on its PEPE positions.

A closer look at Nascent's crypto wallets reveals that PEPE is now the firm's largest asset. This significant position is followed by Maker DAO (MKR) , where Nascent enjoyed an unrealized profit of $2.45 million, representing a hefty 248% gain.

Nascent benefited from the recent decline in the prices of meme cryptocurrencies, which fell sharply during RoaringKitty's live stream . This strategic move highlighted the company's ability to use market conditions to its advantage.

In total, Nascent's assets are valued at approximately $12.6 million. Besides PEPE and MKR, the firm's portfolio includes AWBTC, USDT , ACX, ETH и USDC . These assets further illustrate Nascent's diversified investment strategy within the crypto market.