Pepe Coin Fall From Grace: What’s Turning The Whales Away?
Popular meme coin PEPE has recently come under the spotlight due to significant whale activity that has left many investors concerned about its future. Large holders of PEPE tokens have been selling their holdings at a loss, leading to increased market uncertainty. A recent report notes the meme coin’s price movements are strongly influenced by its presence in the social sector. However, over the last week, social activity surrounding PEPE has taken a notable downturn, with social engagements falling by 28% and social mentions decreasing by 18%. Related Reading: Ethereum Bears Gain....
Related News
PEPE, the meme coin that had seemingly fallen into silence with no major positive developments, has staged a significant comeback in the crypto market. Today, the coin experienced a noteworthy surge, witnessing a price increase of $0.000001417 in 24-hour trading, marking an impressive 21% rally. Source: Coingecko Highlighting PEPE’s Potential The sudden surge in PEPE’s value has sparked interest and speculation within the crypto community. One possible catalyst for this upward movement is the revelation of PEPE’s undervaluation index. Related Reading: Bitcoin Indicator....
The popular meme known as Pepe the Frog is gradually becoming a tradeable CounterParty asset through the Bitcoin Blockchain known as Rare Pepes, they are created with pictures of Pepe and are held in the Rare Pepe Wallet. Rare Pepe cards can be transferred like cards through the browser-based wallet. Rare Pepe cards. According to Bitcoin.com, each card design has to be voted by the Rare Pepe Foundation which issues all Rare Pepe card XCP assets. The Foundation is there to ensure the card images are dank and relate to Bitcoin or cryptocurrency in general. Once approved, the cards are....
The Pepe token was the foremost token that enjoyed immense success during the meme coin frenzy in May this year. However, the token experienced a significant drop as the frenzy faded out. And now, a recent development seems to suggest that the team behind it may have abandoned the project. $15.6 Million Worth of PEPE […]
A recent report by IntoTheBlock offers new insights into the profitability of meme coin holders, including Dogecoin, highlighting variations in the percentage of holders in profit and whale concentration. Dogecoin, the forerunner in this category, continues to hold its own, with new data underscoring its dominance in terms of profitability for its holders. Related Reading: Dogecoin Poised for a 150% Surge? Key Price Levels to Watch Dogecoin Holds The Lead According to the report by blockchain data analytics platform IntoTheBlock, Dogecoin outpaces its counterparts, with 42% of its holders....
PEPE is garnering attention from major investors as the buzz surrounding the meme coin continues to grow. However, despite the increasing interest, these tokens are grappling with a persistently bearish sentiment, as their price performance remains lackluster. In an interesting turn of events, a significant number of investors are beginning to cast their gaze upon PEPE. Lookonchain’s latest report reveals a notable occurrence – a user invested 27 ETH, equivalent to $45,000, to secure a staggering 50 billion of the frog-themed token. More astonishingly, this same investor managed to....