Pepecoin (PEPE) holders may be taking profits on their positions following one of the most spectacular rises in the history of alternative currencies (altcoins) with an almost 5,000,000% rise in the past few weeks. The tokens are down by 45% after setting a peak of $0.00000431 on Friday, reaching a market capitalization of $1.8 billion just over three weeks since issuance in mid-April. This price drop was likely to intensify by traders taking profits on their positions or utilizing advanced trading strategies following the introduction of several pepe-tracked futures in the past week.
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