The Pepe meme coin has been very popular in recent days. After the price soared more than 250% last week. by at the same time Pepe’s market capitalization jumped to $582 million on Tuesday. before dropping to $397 million as whales began taking profits According to Xin Yi, research analyst at Nansen
“There are a lot of big holders who buy first. And the token price has increased dramatically since then. So when they take a profit As a result, it tends to plummet in price and market value significantly. Because people tend to follow the movement of ‘These whales,'” she said.[แต่] Liquidity is thin considering market cap.” Yi pointed to a “whale” who sold Pepe for $2.2 million but only received $650,000 worth of ETH. “Due to the problem of wide slippage.”
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