HomeUncategorizedPepe’s market cap sinks $1B in 5 days, some whales are still buying By Cointelegraph

Pepe’s market cap sinks $1B in 5 days, some whales are still buying By Cointelegraph

May 11, 2023

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The market cap of new memecoin Pepe (PEPE) has fallen $1.1 billion from its May 6 peak, though on-chain data shows it’s still being bought by some crypto whales.

Over the last five days, the price of the memecoin has plummeted more than 56% falling from a peak of $0.00000431 to $0.00000193, according to CoinGecko.

The market capitalization of Pepe since April 20. Source: CoinGecko.
Pepe price performance categorized by trading hours in world time zones. Source: Matrixport.