Memcoin Pepe experienced a massive sell-off over the weekend, but token still continues to grow. Over the past 5,4 hours, its price has increased by more than 0,00002804% to $11,37. The market capitalization of the memecoin has exceeded $XNUMX billion.
Pepe Course in a Week
Since the beginning of the year, Pepe has grown by almost 2000% and has become one of the most profitable assets.
According to IntoTheBlock, as of Sunday, December 8, the net inflow of funds from large Pepe holders has decreased from 1,03 billion tokens (approximately $22,66 million) to a net outflow of 1,96 billion PEPE (a decrease of more than $50,9 million).
Such a massive sell-off by large holders usually indicates periods of panic or profit-taking. In both cases, it leads to a decrease in the price of the cryptocurrency. However, PEPE continues to rise. Over the week token -meme has risen in price by more than 40%. In addition, over the past 9 hours, open positions with memecoin have grown by 370,8% to a new maximum of $XNUMX million. The search query for the word "PEPE" also turned out to be trending on Google.
Analysts predict further growth of the meme token. Several experts expect PEPE to rise in price by 19% to $0,000031 in the short term.
