The recent data from Nansen reveals that significant amounts of money have been invested in PEPE and FLOKI by smart money traders in the past week. The largest buyer of PEPE and FLOKI holds a substantial portion of their portfolio in meme coins, including Shiba Inu (SHIB).

Moreover, new wallets created in the last 1000 days have amassed over $1.1 Billion in PEPE, while FLOKI received $129 Million in investments within the last seven days. Solana also experienced a surge in new token launches on May 4, with 14,648 tokens introduced on that day.

Price And Volume Demonstrates Recent Volatility

The fluctuation in price and volume over recent months indicates a tug-of-war between the bulls and bears in determining the price of PEPE.

From the PEPE price and volume graph, it is evident that the trading volume decreased significantly from $4.28 Billion to $587.82 Million by the start of May, with a further drop to $587 Million later in the week. This decline of around 70% in volume might have adverse effects on the price of PEPE if the trend persists.

Decline in Social Volume And Social Dominance

The declining social volume and social dominance of PEPE suggest a waning interest and popularity in the crypto currency among users on social media platforms.

These metrics serve as indicators of the growing or diminishing awareness and popularity of the crypto among users on platforms like X, Instagram, and Telegram. The gradual decrease in social users could potentially impact the price negatively.

Summary

PEPE coin has attracted substantial investments from smart money traders into meme coins like PEPE and FLOKI, with over $50 Million invested in the past week. Despite this, the price and volume of PEPE have shown volatility in recent months, with a notable 70% decrease in volume in early May.

Moreover, the social volume and social dominance of PEPE crypto have been on a downward trend, signaling a decline in popularity and awareness among users on social media platforms.

Disclaimer

The opinions and views expressed in this article are strictly for informational purposes and do not constitute investment, financial, or any other form of advice. It is crucial to remember that trading or investing in cryptocurrency assets carries a risk of financial loss.