PEPE is suspected to be popular again, and institutions are optimistic about it and whales are buying it in large quantities
Renata2024/12/10 03:23
On December 9th, the Financial Times of the United Kingdom pointed out that the value of Meme coins such as PEPE, BONK, PNUT, and CHILLGUY is significantly increasing, and the Meme market is ushering in a new round of boom.
On December 10th, Mechanism Capital partner Andrew Kang posted on the X platform that PEPE and NEIRO are overvalued positions, and it is expected that the price will rise several times by 2025. Meanwhile, according to Onchain Lens monitoring, a whale spent 14.75 BTC (about 1.43 million USD) and 150,000 USDC within 2 hours, accumulating 60.78 billion PEPE. The dual signals of institutional views and whale buying have made the market full of expectations for the future trend of PEPE.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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