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Short-term Pepe Holders Increase 262% in Month

Short-term Pepe Holders Increase 262% in Month

HappyCoinNewsHappyCoinNews2024/12/05 08:55
By:HappyCoinNews

According to IntoTheBlock, on Tuesday, December 3, a net outflow of 534 billion Pepe (PEPE) from large memecoin holders was replaced by an inflow of 580 billion tokens.

Short-term Pepe Holders Increase 262% in Month image 0

Inflow of funds into Pepe

According to a Lookonchain post, an unknown major holder of the memcoin has accumulated and withdrawn from the crypto exchange over the past 20 days Binance more than 337 billion PEPE tokens.

Whales continue to accumulate PEPE! Over the past 20 days, a major investor has withdrawn 337,09 billion PEPE (almost $6,92 million) from Binance , — Lookonchain analysts wrote.

On the other hand, the number of medium- and long-term PEPE holders has decreased over the past month. According to IntoTheBlock, the number of addresses where the meme kriptovalyuta stored for more than a year, decreased from 91 as of November 200 to 11 as of December 89.

The number of those holding PEPE for one month to one year has dropped from 200 on November 000 to around 8 on December 89. However, the number of short-term holders of the meme asset (less than one month) has increased by 000% to 3 addresses over the past 262 days.

Over the past 2,25 hours, PEPE has risen by 14%, with weekly growth exceeding XNUMX%. However, the memecoin's bullish momentum may face resistance from short-term traders in the near future unless large holders begin to actively accumulate again. token -meme.

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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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