According to the latest data report, the PEPE market has undergone some significant dynamic changes:
Earlier today, a large PEPE token holder, known as a “whale,” chose to deposit a whopping 700 billion PEPE tokens, equivalent to a value of $7.8 million, to the Binance exchange. The whale is said to have suffered losses of around $3.5 million in previous trades, but still holds $9.23 million worth of PEPE tokens.
Meanwhile, the meme coin market is showing some signs of recovery amid a rebound in Bitcoin prices. In particular, two tokens, dogwifhat (WIF) and Bonk (BONK), have seen daily gains of nearly 20%.
According to Lookonchain data, another WIF token whale that lost $4.6 million eventually managed to buy back the tokens at a higher price. The WIF token has fallen 61% since its all-time high on March 31, performing very poorly. The PEPE token has fallen by 32% since its peak on March 27.
The data highlights the extreme volatility of the memecoin market and the patterns of investor behavior within it. Investors need to pay special attention to the dynamic changes and risks of the market to formulate corresponding investment strategies.
