From Investing.com: 2024-05-30 17:02:44

PEPE, the 3rd largest meme coin, doubled its value this month, reaching a new high of $0.000017256. Over 96% of PEPE holders turned a profit as the coin increased in value by 115%.

After hitting a record high, PEPE experienced a decline with accelerated sales, dropping to $0.00001388 before recovering slightly to $0.0000145. Daily losses reached 3% with reactions purchases helping stabilize the price.

A major crypto investor sold nearly one trillion PEPE coins on Binance for around $9 million, making a 52% profit. The investor’s quick profit of close to $5 million was achieved in less than a month. Other meme coins also experienced losses today, with PEPE being among the top 100 decliners.

Read more at Investing.com: Selling accelerates after popular meme coin investors hit peak profitability By Investing.com