PEPE’s social metrics rise while price goes red
On-chain and social data show a significant rise in Pepe’s (PEPE) social dominance, surpassing Bitcoin (BTC) and Ethereum (ETH). Data by market intelligence platform Santiment shows that whale transactions have constantly risen over the past week. The transfers of at least $100,000 worth of PEPE grew from 42 trades on Aug. 4 to 102 on Aug. 10. PEPE price, social volume and whale activity – Aug. 10 | Source: Santiment Moreover, PEPE investors have been shifting to non-custodial wallets as the asset’s amount of exchange withdrawals has reached 8.85 trillion daily tokens. This suggests a 502% incline from Aug. 4’s 1.47 trillion coins leaving exchanges. You might also like: Justin Sun makes huge moves amid insolvency allegations Quite similarly, Pepe token’s social volume also spiked by around 160% over the past week. Santiment data shows that PEPE’s social importance witnessed a 63.2% decline between July 19 and Aug. 1. Data from ICO Analytics shows that PEPE has ...