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    Home ยป Despite the price drop major investors are still buying PEPE meme cryptocurrencies
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    Despite the price drop major investors are still buying PEPE meme cryptocurrencies

    By adminJul. 2, 2024No Comments1 Min Read
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    Despite the price drop major investors are still buying PEPE meme cryptocurrencies
    Despite the price drop major investors are still buying PEPE meme cryptocurrencies
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    Due to reduced activity in the meme token market, Pepe (PEPE) prices dropped by over 14% last week to $0.00001114.
    However, large PEPE holders, known as “whales,” have been actively accumulating the token in recent weeks, increasing their holdings by 3%.


    This accumulation surge coincided with a significant increase in activity on the PEPE network, with daily active addresses rising by 105% and new addresses increasing by over 300%.


    Despite the increase in whale activity and online demand, the Directional Movement Index (DMI) indicates that bearish sentiment towards PEPE persists, with the negative trend outweighing the positive trend.
    Read more:


    Good news for Ethereum – substantial growth in network staking
    DMI indicates that the current bearish trend will continue, and if the decline persists, it may lead to a drop in PEPE prices to $0.000010, while in an upward trend, it may rise to $0.000012.

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