Gate News Bot news, on November 18, according to CoinMarketCap data, as of the time of publication, PEPE (Pepe) is currently priced at $0.0000047846, down 3.85% in the last 24 hours, reaching a high of $0.0000060913 and a low of $0.0000046354. The current market capitalization is approximately $2.013 billion, a decrease of about $80.7028 million compared to yesterday.
PEPE is a meme coin themed around the internet-famous meme frog Pepe. The project aims to revitalize the meme coin market through the pure power of memes. PEPE has no presale, zero taxes, has burned liquidity pool tokens, and relinquished contract ownership. The project team states that PEPE is a token that permanently belongs to the people, but also emphasizes that this token has no intrinsic value and is only for entertainment purposes.
Important news about PEPE recently:
1️⃣ Changes in Large Investor Fund Flows
A large investor who previously made over $36 million in profits from PEPE investments has recently shifted attention to the ASTER token. Since November 4, this investor has purchased 8.41 million ASTER at an average price of $0.97, with a total investment of $8.14 million. Currently, this investment has achieved approximately $1.1 million in floating profit. This move may influence the sentiment and capital flow of PEPE investors, partially explaining the recent downward trend of PEPE.
2️⃣ PEPE is launched on the new platform
PEPE token has successfully launched on the Alpha trading platform. The opening of new trading channels has brought more liquidity and trading opportunities for PEPE, helping to expand its market coverage. However, in the short term, this positive news seems unable to offset the negative impact caused by large investors moving their funds.
3️⃣ Market Performance and Investor Behavior Analysis
Despite the emergence of new trading opportunities, PEPE has still experienced a 3.85% fall in the past 24 hours. This may reflect some investors choosing to take profits after the new platform launch, and it is also related to large investors shifting funds to other emerging tokens. The market is currently digesting these changes, leading to significant fluctuations in the short term.
From a technical perspective, the PEPE price fluctuates between 0.0000046354 and 0.0000060913, indicating that there is still a certain level of uncertainty in the market. Investors should closely monitor the subsequent changes in capital flows and trading volume to assess the medium to long-term trend of PEPE.
This message is not an investment advice, and investors should be aware of market volatility risks.
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