📌Attention all investors and analysts, a significant development has occurred within the PEPE token ecosystem. A substantial transfer of 2.6 trillion PEPE tokens, amounting to $21,108,992 in value, has been executed from KuCoin to an undisclosed wallet. This transfer aligns with a series of notable outflows from the exchange, resulting in a 20% decrease in assets under management (AUM) due to regulatory hurdles.
This pattern of substantial transfers is not exclusive to PEPE; similar movements have been observed with Shiba Inu, indicating a broader market trend. Consequently, the price of PEPE has seen a 5% decline over the past 24 hours, presently standing at $0.000007757.
Against the backdrop of ongoing regulatory changes and economic indicators, the cryptocurrency market faces inherent fluctuations. While PEPE is in a consolidation phase, it has retraced 28% from its recent peak.
As the market responds to regulatory shifts and economic signals, expect further updates. Follow closely for the latest developments in the #CryptoNews realm, particularly regarding #PEPE and #ShibaInuSurge , as well as general #MarketUpdate and #PEPEPromo trends.