The PEPE coin market has seen a lot of investment activity, according to data analytics company Lookonchain.
Between June 14 and July 11, a remarkable 613 billion PEPE coins were purchased using a total of 536 Ethereum, or nearly $1.04 million.
The investor, who goes by “osf_rekt,” is reported to have spent 141 Ethereum, or over $265,000, on the most recent purchase of 173 billion PEPE coins.
The meme-themed cryptocurrency PEPE coin made its debut in April and has since made a significant impact on the cryptocurrency market. The PEPE coin reached a market valuation of billions of dollars barely one month after debut.
According to CoinGecko’s market data, PEPE coin is now ranked 72nd overall in the world’s cryptocurrency market. It presently has a market value of $646 million and is trading at $0.00000154.
The strong $73,568,386 24-hour trading volume indicates that investors are really interested in this meme coin.
The PEPE coin continues to draw significant investments despite the erratic nature of the cryptocurrency market and the special volatility connected with meme currencies. Its sharp increase in value and huge market capitalization indicate that investors are optimistic about the likelihood of profits.
