randomm

PEPE Price: Token Shows Similar Patterns to February 2024 Rally

The popular meme cryptocurrency PEPE is experiencing turbulent market conditions as it approaches a crucial halving event. The token’s value has declined by 80% from its December 2024 peak of $0.00002825, currently trading at $0.000008810. In the past 24 hours alone, the price has dropped by 27%, raising questions about market stability.

Recent market activity has been marked by substantial whale movements. On-chain data reveals that over 1.1 trillion PEPE tokens have been sold in recent days. One notable transaction involved a single wallet transferring 430 billion PEPE, valued at $6.39 million, to Binance within nine hours. Another large holder moved 325.5 billion PEPE, worth approximately $4.9 million.

The timing of these movements has drawn attention from market observers, as they come just before the scheduled February 4, 2025 halving event.

PEPE Price: Token Shows Similar Patterns to February 2024 Rally

The popular meme cryptocurrency PEPE is experiencing turbulent market conditions as it approaches a crucial halving event. The token’s value has declined by 80% from its December 2024 peak of $0.00002825, currently trading at $0.000008810. In the past 24 hours alone, the price has dropped by 27%, raising questions about market stability.

Recent market activity has been marked by substantial whale movements. On-chain data reveals that over 1.1 trillion PEPE tokens have been sold in recent days. One notable transaction involved a single wallet transferring 430 billion PEPE, valued at $6.39 million, to Binance within nine hours. Another large holder moved 325.5 billion PEPE, worth approximately $4.9 million.

The timing of these movements has drawn attention from market observers, as they come just before the scheduled February 4, 2025 halving event.
https://blockonomi.com/pepe-price-token-shows-similar-patterns-to-february-2024-rally/