Pepe (PEPE), one of the most talked about meme tokens in its last days, has gained more than 80% in the last 24 hours and has entered the top 200 among the largest cryptocurrencies by market capitalization according to CoinMarketCap data.
However, after the recent rise, PEPE managed to become one of the top 4 cryptocurrencies among meme tokens.
Among the top five meme tokens, Dogecoin is in first place, Shiba Inu (SHIB) is in second place, Baby Doge Coin (BABYDOGE) is in third place, and Floki (FLOKI) is in fourth place.
However, after the rise in price, a PEPE whale started selling.
The wallet in question, which is the eighth largest among PEPE token whales, made $400,000 in sales with 7000x profit. The whale still has 4.7 trillion PEPE ($2.7 million) in its wallet.
Meme tokens are highly speculative and volatile digital assets that are not backed by any real value or use. They are often influenced by internet trends, social media hype, celebrity advertisements and market manipulations.
*Not investment advice.
