Launched in mid-April and one of the most talked about cryptocurrencies, Pepecoin (PEPE) fell sharply after the great rise it experienced.
In this context, although there are many who argue that PEPE is a scam, whales still show interest in PEPE and continue to buy, despite the sharp decline in PEPE.
at this point PEPE‘s daily trading volume is about a week Dogecoin (DOGE) and Shiba Inu (SHIB) left behind.
on 5 May Binance PEPE listed on the stock market reached a peak of $0.0000044. It fell by about 60% from its peak. PEPE It continues to trade at $0.00000168 at the time of writing.
This drop in PEPE price also affected its market value. The market capitalization, which was over $ 1 billion, has already decreased to $ 655 million with the decline.
Despite these declines on the PEPE front, whales Ethereum (ETH) selling cryptocurrencies such as PEPE continues to take.
The high interest of whales resulted in high trading volume of PEPE.
“borovick.eth” Twitter user named PEPE stated that the 24-hour transaction volume of PEPE exceeded 350 million dollars.
The user said that DOGE is in the second place with a transaction volume of 214 million dollars and SHIB is in the third place with a trading volume of 98 million dollars.
$pepe has been #1 in memecoin volume for over a week pic.twitter.com/nv2T8FPrHH
— borovik.eth (@3orovik) May 15, 2023
*Not investment advice.
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