New Meme Token Strikes: Fifth Place! But Whales Are Selling!

One of the most talked about meme tokens in recent days. Pepe (PEPE) It has gained over 80% in the last 24 hours and is the largest by market cap according to data from CoinMarketCap. cryptocurrencies entered the top 200.

Graph showing the over 80 percent rise experienced in the PEPE token.

However, after the recent rise, PEPE managed to become one of the top 4 cryptocurrencies among meme tokens.

Dogecoin is the first among the top five meme tokens, and the second Shiba Inu (SHIB), third place Baby Doge Coin (BABYDOGE) and fourth place Floki (FLOKI) exists.

CoinMarketCap chart showing the ranking of the largest meme tokens.

However, after the rise in price, a PEPE whale started selling.

The wallet in question, which is the eighth largest among PEPE token whales, made $400,000 in sales with 7000x profit. The whale still has 4.7 trillion PEPE ($2.7 million) in its wallet.

Meme tokens are highly speculative and volatile digital assets that are not backed by any real value or use. They are often influenced by internet trends, social media hype, celebrity advertisements and market manipulations.

*Not investment advice.

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