Andrew Kang: Retail investors buying in has caused a significant surge in the value of numerous Meme coins on the market
Cryptocurrency industry insider Plazma (@Plazma0x) recently posted on X, stating that it has been over 20 days since Robinhood launched PEPE, and he already holds 2.5% of the supply of PEPE. Mechanism Capital partner Andrew Kang commented on this saying: "This is equivalent to buying $50 billion worth of BTC in three weeks. Retail investors' purchases have led to a significant increase in the value of many Meme coins in the market."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CryptoQuant: Whales have deposited approximately $7.5 billion worth of BTC to a certain exchange in the past month
Today, BTC options with a notional value of $13 billion expire, with the max pain point at $98,000.
Trending news
MoreCrypto prices
More
