In early Could, the market cap of Pepecoin (PEPE), a cryptocurrency impressed by a preferred web meme, surged. pepe the frog — soared to $1.8 billion. After two weeks, PEPE’s market cap is crumbling down It fell 65% to about $665 million. Let’s examine why.
PEPE whales look like the principle reason behind the worth drop, in keeping with Based mostly on information tracked by Wuligy, an on-chain analyst at Dune Analytics.
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