The reason behind the sharp 26% decline of the popular meme coin Pepe (PEPE) has been revealed.
On-chain analytics platform Lookonchain announced on December 4 in sharing, in PEPE What happened behind the sharp decline shed light.
TSI with a sudden increase in the morning hours of December 4 PEPE jumps 20%fell after a wallet moved coins to cryptocurrency exchange Gate.io.
The wallet in question is 230 thousand dollar with profit to Gate.io $1.1 million worth of PEPE deposited. The PEPE price behind this transaction is $0.0000015 from levels down 26% to $0.0000012 decreased by .
Although Bitcoin continued to rise, the decline in PEPE made investors a little uneasy, but the price later Nearly 15% recovery lived.
According to CoinGecko data, despite the decrease in the last 24 hours 6.5% increase in value living PEPE, at the time of writing From $0.00000127 finds buyers.