Crypto Twitter’s memecoin of the year has decreased by over 6% in the past day. Whzt are the factors behind the fall of PEPE today?
was all the rave? Well, that’s not the case anymore. Over the past twenty-four hours, Pepe has seen a decrease of over 6%, a huge tumble from its good days.This transfer, valued at almost $8 million, turned heads due to its mysterious origins and the use of a high-security Gnosis Safe Proxy wallet. And it wasn’t a one-off, either.
Just a day before, the same shadowy address pulled out another 322.48 billion PEPE tokens, worth around $2.7 million. Take a look:These transfers seem to be the core reason behind the small FUD that led to PEPE’s plunge. Their timing is also quite intriguing, seeing as they happened during an unexpected 17% surge in prices.
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