The PEPE meme coin is once again experiencing volatility, drawing the attention of major investors despite its decreasing price.
Current Market Situation
PEPE recorded a 3.68% drop in the last 24 hours, valued at $0.00000718 after previously rising by more than 5%.
Increased Large Transaction Activity
Large investors took advantage of the current volatility to increase their holdings in PEPE. According to IntoTheBlock, PEPE's large transaction count surged by 131% in 24 hours, amounting to $76.3 million. A total of 120 large transactions, each valued over $100,000, were conducted during this period, with more than 200 transactions recorded in the past week.
Analysis of Prospects and Current Data
Many investors believe that PEPE is undervalued compared to its competitors like Shiba Inu. According to IntoTheBlock, approximately 49% of PEPE holders are in profit, which represents over 147,000 wallets, with 11.11% or 32,000 wallets at the breakeven point. The number of addresses in loss stands at 115,280, equivalent to 39%. Despite PEPE's limited use cases, major investors remain confident in its potential.
Current whale investor activity indicates significant interest in PEPE despite market fluctuations. Time will tell if the token can live up to the expectations of its holders and continue its growth.
Comments