{"id":3937,"date":"2023-09-23T14:00:54","date_gmt":"2023-09-23T14:00:54","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=3937"},"modified":"2023-09-23T15:12:23","modified_gmt":"2023-09-23T15:12:23","slug":"what-is-the-reason-for-the-volatility-in-pepe-memecoin","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/what-is-the-reason-for-the-volatility-in-pepe-memecoin\/","title":{"rendered":"What is the Reason for the Volatility in PEPE Memecoin?"},"content":{"rendered":"

What is the Reason for the Volatility in PEPE Memecoin?\u00a0Volatility is increasing in PEPE Memecoin. The movement of this coin’s whales and its price are scaring investors.<\/p>\n

What is the Reason for the Volatility in PEPE Memecoin?<\/h1>\n

The memecoin, which came to the agenda with conflicts within the PEPE<\/strong> team and price fluctuations, continues to attract attention with the mobility of whale wallets. According to the data, Wintermute Trading<\/strong>, a large market-making company, has carried 8.3 trillion PEPE (worth $ 5.43 million) to central exchanges in the transfers it made today.<\/p>\n

Also, the short wallet address belonging to the crypto whale, continues to buy large amounts of PEPE<\/strong> from exchanges. During the day, PEPE<\/strong> with a value of over $ 100,000 was transferred to centralized exchanges.<\/p>\n

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You might like: Binance is ending its Spot Trading Bots service on certain pairs!<\/strong><\/a><\/p>\n<\/blockquote>\n

\n

Despite this mobility, the token is showing a particularly strong performance today. In the last 24 hours, the value of PEPE<\/strong> has increased by 16% and is currently trading at 0.0000006957<\/strong> dollars. However, the token was not yet able to reach its previous high.<\/p>\n

In August, a few people from the main developer team of PEPE<\/strong>, token, sold a large amount of tokens from multisig wallets on the grounds that they betrayed the project, according to the main team’s statement.<\/p>\n

Particularly, the cryptocurrency exchange Binance<\/strong> holds $75 million PEPE<\/strong> tokens on behalf of its customers in cold wallets, accounting for a significant portion of the token with a total market value of $246 million. These whales might provide an answer to what might happen in PEPE in coming days.<\/p>\n

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You can share your opinions in the comments about the topic. Also, follow us on\u00a0Telegram<\/strong><\/a>,\u00a0Twitter<\/strong><\/a>, and\u00a0YouTube<\/a><\/strong>\u00a0for more content like this.<\/p>\n","protected":false},"excerpt":{"rendered":"

What is the Reason for the Volatility in PEPE Memecoin?\u00a0Volatility is increasing in PEPE Memecoin. The movement of this coin’s whales and its price are scaring investors. What is the Reason for the Volatility in PEPE Memecoin? The memecoin, which came to the agenda with conflicts within the PEPE team and price fluctuations, continues to<\/p>\n","protected":false},"author":2,"featured_media":3944,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[1334,1332,466,308,1055,1056,1053,1336,1335,1333],"class_list":["post-3937","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-how-to-buy-pepe-coin","tag-memecoin","tag-pepe","tag-pepe-coin","tag-pepe-coin-chart","tag-pepe-coin-news","tag-pepe-coin-price","tag-pepe-coingecko","tag-pepe-coinmarketcap","tag-volatility"],"yoast_head":"\nWhat is the Reason for the Volatility in PEPE Memecoin? - Coin Engineer<\/title>\n<meta name=\"description\" content=\"What is the Reason for the Volatility in PEPE Memecoin? 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