CandleFocus 10.21 Trillion PEPE in 24 Hours, What's Happening?
2024-09-11
Author: Content Editor
PEPE, a meme coin, experienced a slight drop in value despite the positive trend in the overall altcoin market. However, PEPE whales took advantage of this dip and increased their transaction activity by 131%, moving $76.3 million worth of PEPE tokens in 24 hours. This surge in whale activity resulted in a total of 10.21 trillion PEPE tokens being involved in these transactions. Many believe that the token is currently undervalued compared to its competitor, Shiba Inu. Data shows that around 49% of PEPE holders are in profit, with an additional 11.11% at the breakeven point. This has reignited interest among PEPE whale investors, who anticipate a future rally.
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