The meme coin PEPE’s price has seen heavy selling pressure recently as large investors are unloading their holdings. PEPE reserves on exchanges climbed to 40.59% of the total supply last week, reaching the highest level in two months according to on-chain data from Santiment.
Last Friday, an anonymous Pepe whale moved two trillion tokens to Binance in a transaction widely interpreted as preparation for profit-taking. This massive transfer fueled speculation that Pepe’s price decline may continue as more large holders seek exits. The meme coin has already declined greatly from its all-time highs last year.
Now, investors who sold PEPE are likely joining Launchpad XYZ’s crypto ICO as it has so far managed to raise $2.5 million for its native token $LPX.
Visit Launchpad XYZ Now
As PEPE investors look for new options to rotate their holdings into, Launchpad XYZ’s timing and capabilities are set to continue capturing their attention. The project will use AI to provide actionable insights that simplify cryptocurrency and NFT trading.
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