Recently, PEPE Coin has attracted attention by experiencing a significant price increase. After being listed on major platforms such as Coinbase and Robinhood, the price of PEPE has increased by 75%. However, after this major jump, some analysts state that large whales have started to sell profits, which may increase the selling pressure. In particular, a large PEPE whale made a significant profit by selling approximately 500 billion tokens. This situation increases the concern that there may be a potential selling wave in the market.$PEPE
Whales who invested early in PEPE have started to realize their profits by selling large amounts of tokens. One whale made a huge profit by selling 500 billion PEPE for about $11.8 million. This whale, who accumulated 2.01 trillion PEPE tokens last year, spent a total of $2.12 million. However, despite this, he still holds 1.48 trillion PEPE and has made a profit of 20 times his initial investment.
After listings on Coinbase, Robinhood and Upbit, PEPE made a big leap with a 75% increase in value. PEPE’s market value exceeded $10 billion, while its trading volume increased by 200% to $20 billion. During this period, political developments such as Donald Trump’s victory in the US Presidential Election also positively affected the meme coin market. The meme coin market generally gained momentum, and cryptocurrencies such as PEPE and Dogecoin (DOGE) made big gains. However, due to factors such as FOMO (fear of missing out) and excessive greed, meme coins continued to gain value rapidly. These speculative movements are widely discussed on social media, and investors are warned that larger sell-offs may occur.
Opportunities and Risks for Investors
Not only PEPE, but also other cryptocurrencies such as PNUT have made significant gains recently. However, the selling of large whales is causing concern among investors. Although this high volatility in the cryptocurrency market offers investors earning opportunities, it also brings with it the risk of sudden losses. The movements of whales and social media discussions have a major impact on the market.
While the future of meme coins remains uncertain, it is important for investors to be careful, watch for whale movements, and be prepared for volatile conditions in the market. Such rapid price changes can create both profit opportunities and lead to major losses.