A major crypto market investor has moved his focus from Shiba Inu (SHIB) to Pepe Coin, as revealed by Lookonchain’s latest report. This shift involved the withdrawal of 67 billion Pepe Coins, valued at $1.02 million, from the OKX exchange.
This strategic change comes after the investor faced significant losses with SHIB, buying 40.9 billion SHIB for $2.98 million and selling at an 85.5% loss during a bear market.
Despite the influx of investment, Pepe Coin saw a decrease in price, while SHIB experienced a 9% gain. Notably, Pepe Coin has surged 13% over the past week and 120% in the last 30 days, indicating growing confidence among investors.
As of now, Pepe Coin is priced at $0.00001525, while SHIB trades at $0.00002779 with a trading volume increase of 166.83% to $2.41 billion.
The investor’s focus on Pepe Coin could signal confidence in its long-term viability, potentially attracting more investors and strengthening its market position.
