PEPE’s impressive price performance in the last month has enabled the majority of its owners to turn a profit. According to IntoTheBlock data, more than 96% of PEPE holders became profitable after the last month’s rise. PEPE increased its value by 115% this month and also set a new record high at $0.000017256 .
PEPE, which reached its record level at the beginning of this week, started to decline with accelerated sales throughout the rest of the week. PEPE, which dropped to $0.00001388 in the first half of the day, recovered slightly with reaction purchases from the lower region after losing more than 20% of its value from its peak. PEPE, which has suffered daily losses of up to 3%, is currently trading at $ 0.0000145.
Blockchain monitoring platform Lookonchain reported in its post on X that a significant amount of PEPE was transferred from an anonymous crypto wallet to Binance. Following this transfer, PEPE saw losses exceeding 10% before recovering today.
The major crypto investor reportedly sold his PEPE assets for approximately $9 million and made a 52% profit on the transaction, close to $5 million. The analysis platform that monitors the wallet account reported that the investor made this profit in less than a month.
On the other hand, in today’s downward momentum, it was seen that PEPE and other high-capitalization meme coins were among the top 100 losing altcoins. Among these assets, PEPE recovered rapidly, while BONK/USD and FLOKI/USD maintained their place in the rankings as the assets that fell the most today, with losses of nearly 10%.
Source: Cryptocurrency - investing.com
