{"id":78655,"date":"2023-05-12T13:16:53","date_gmt":"2023-05-12T10:16:53","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=78655"},"modified":"2025-09-11T06:33:10","modified_gmt":"2025-09-11T03:33:10","slug":"investors-pour-46-million-into-pepe-meme-token-on-exchanges-in-24-hours","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/investors-pour-46-million-into-pepe-meme-token-on-exchanges-in-24-hours\/","title":{"rendered":"Investors pour $46 million into PEPE meme token on exchanges in 24 hours"},"content":{"rendered":"<p>The 0xScope team recorded inflows of 3 trillion PEPE meme tokens worth $46.37 million to centralized exchanges over the past 24 hours. Analysts warned of the risks of a dump for the coin.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">In the past 24 hours, a large amount of <a href=\"https:\/\/twitter.com\/search?q=%24PEPE&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$PEPE<\/a> has been deposited into exchanges:<\/p>\n<p>33T <a href=\"https:\/\/twitter.com\/search?q=%24PEPE&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$PEPE<\/a> worth $46.37M, with a net deposit of $22.94M from 1,176 addresses.<\/p>\n<p>Beware of MEME coin drop risks <a href=\"https:\/\/t.co\/443wqMCTTJ\">pic.twitter.com\/443wqMCTTJ<\/a><\/p>\n<p>\u2014 0xScope (? . ?) (@ScopeProtocol) <a href=\"https:\/\/twitter.com\/ScopeProtocol\/status\/1656916635134066688?ref_src=twsrc%5Etfw\">May 12, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to analysts, this amount includes $22.94 million in net deposits sent from 1,176 addresses.<\/p>\n<p>The bulk of the funds is on the crypto exchange Binance, where about 67 trillion PEPE are locked. In total, on <span data-descr=\"centralized exchanges\" class=\"old_tooltip\">CEX<\/span> 28% of the token&#8217;s total supply has been deposited, while on <span data-descr=\"decentralized exchanges\" class=\"old_tooltip\">DEX<\/span> it is less than 0.01%.<\/p>\n<p>The balance of sells and buys is roughly even. However, deposits still exceed withdrawals \u2014 61% vs 38%, respectively.  <\/p>\n<p>Over the last 24 hours, the price of PEPE fell by 22%. The trend began on May 5; on the same day there was a <a href=\"https:\/\/u1f987.com\/en\/news\/binance-lists-pepe-and-floki-in-the-innovation-zone\">listing of the coin<\/a> on leading centralized exchanges. In less than a week the meme token collapsed from peak values of $0.00000420 to $0.00000128 \u2014 nearly 40%.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Uniswap-V2-_GeckoTerminal.com_PEPE_2023-05-12_12-56-48.webp\" alt=\"Uniswap-V2-_GeckoTerminal.com_PEPE_2023-05-12_12-56-48\" class=\"wp-image-206790\"\/><figcaption>Hourly PEPE\/USD chart on the Uniswap exchange. Data: <a href=\"https:\/\/www.geckoterminal.com\/eth\/pools\/0xa43fe16908251ee70ef74718545e4fe6c5ccec9f?utm_medium=referral&#038;utm_source=coingecko&#038;utm_campaign=livechart-btn\">GeckoTerminal<\/a>. <br \/><\/figcaption><\/figure>\n<p>In April, the PEPE token surged tenfold, turning some holders of the token into millionaires.<\/p>\n<p>In May, an unknown <a href=\"https:\/\/u1f987.com\/en\/news\/trader-paid-120000-in-fees-to-buy-meme-token-four\">paid $120,000 in commissions<\/a> to buy the meme cryptocurrency FOUR for $156,000. According to the community, the investor managed to realize a profit of $240,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 0xScope team recorded inflows of 3 trillion PEPE meme tokens worth $46.37 million to centralized exchanges over the past 24 hours. Analysts warned of the risks of a dump.<\/p>\n","protected":false},"author":1,"featured_media":78656,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1166,1161,1268],"class_list":["post-78655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-centralized-exchanges-cex","tag-memes","tag-on-chain-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/78655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=78655"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/78655\/revisions"}],"predecessor-version":[{"id":78657,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/78655\/revisions\/78657"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/78656"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=78655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=78655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=78655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}