$PEPE holders may be taking profits on their positions following one of the most spectacular rises in the history of altcoins with an almost 5,000,000% rise in the past few weeks. By shauryamalwa.
Pepecoin holders may be taking profits on their positions following one of the most spectacular rises in the history of alternative currencies with an almost 5,000,000% rise in the past few weeks.
This price drop was likely exacerbated by traders taking profits on their positions or utilizing advanced trading strategies following the introduction of several pepe-tracked futures in the past week. As per a Monday tweet, on-chain analytics firm Santiment stated that the increasing number of ether deposits could be stemming from traders taking profits on their pepe positions.
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