PEPE (Pepe) rose 4.07% in the last 24 hours.

Gate News Bot message, September 3, according to CoinMarketCap data, as of the time of writing, PEPE (Pepe) is currently priced at $0.0000098169, with a rise of 4.07% in the last 24 hours, reaching a high of $0.0000102814 and a low of $0.0000091952. The 24-hour volume has reached $563 million. The current market capitalization is approximately $4.13 billion, an increase of $162 million compared to yesterday.

PEPE is a cryptocurrency themed around the well-known internet meme character "Pepe the Frog." The project aims to drive value purely through meme power, with no presale, zero taxes, liquidity already burned, and the contract abandoned. PEPE's goal is to revive the status of meme coins and provide the community with a pure, permanent token.

Recent important news about PEPE:

1️⃣ Large PEPE holders adjust their portfolios A well-known cryptocurrency investor recently conducted a large-scale asset reallocation. The investor sold PEPE and PENDLE tokens worth $1.29 million and used the proceeds to purchase 1.84 million ENA tokens, with a purchase price of $0.7 per ENA.

2️⃣ PEPE remains a key holding for large investors Despite a partial reduction in holdings, the investor still maintains a large position in PEPE. Currently, the wallet address (0x373704e394ef150241aee836115d78aba3fc5c76) holds 22.7 trillion PEPE tokens, valued at approximately 22.06 million USD, accounting for a significant portion of their investment portfolio.

3️⃣ Market Focus on Large Holder Movements The investment behavior of large holders is often seen as a market signal. Although this transaction involves a partial reduction of PEPE holdings, it also shows that the investor remains optimistic about PEPE in the long term, as they still retain a substantial amount of PEPE holdings. This may have some impact on the short-term price trend of PEPE.

From a technical perspective, the 4.07% rise of PEPE in the last 24 hours may be related to the holdings of large investors and the overall market sentiment. Although the portfolio adjustments of major holders have caused some selling pressure, PEPE has still maintained an upward trend, demonstrating the market's continued confidence in the token.

This message is not intended as investment advice; investors should be aware of market volatility risks.