The majority of Pepecoin (PEPE) investors were left playing a game of musical chairs as early participants made the bulk of gains, new research from SingularityDAO shows.
The early profit taking has drained the token of substantial liquidity, leaving majority of investors unable to make meaningful profits, the report adss.
Over 80% of potential profits were accrued in the first week of pepecoin’s issuance, when the ‘Pepe the Frog’ themed meme coins went from a market capitalization of low five figures to $33 million in just over a week.
