PEPE has renewed an interest from a whale who made a profitable long bet on the memecoin last year. Will PEPE bet play out again?
recent pullback hit a key August demand level, stroking interest from key players, including whales. According to the blockchain analytic platform Spot On Chain, a familiar whale hasLast year, the whale made a huge bet on PEPE and held the frog-themed meme coin for nine months, gaining over 800%.
MVRV tracks whether tokens are overvalued or undervalued, with negative figures indicating underpriced assets. Given near and medium-term token holders recorded 19% and 14% losses, respectively, the token was deemed underpriced.
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