Over the past week, the Pepe token has suffered further setbacks, depreciating 12.4%. This makes it one of the worst-performing coins among the top ten cryptocurrencies. This plunge has shaken the market and left analysts and investors questioning the rationale behind the recent billion-dollar buy by the crypto whales.
The recent purchase by the whales may be viewed as a vote of confidence or a speculative bet, depending on one's interpretation. It will be interesting to observe whether this large-scale acquisition catalyzes a recovery in the price of the Pepe token or if it continues to falter in the unpredictable crypto market.
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