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Despite the whales selling a trillion BB coins in 24 hours, is this a scam?
The price of Babycoin has risen despite whales selling a trillion Babycoins in 24 hours. Is this a scam?
Price
The Baby Coin (PEPE) did not achieve strong gains over the past month, as it fell by more than 11% during this period. As of July 9, the price of Baby Coin was trading at $0.0000102, with a slight increase of 2.7% over 24 hours, and a trading volume of $673 million. Despite the gains recorded today, it seems that whales are selling off after disposing of more than a trillion tokens in a single day, as a bearish signal indicates a potential collapse of 50%.
Whales are dumping a trillion PEPE tokens
PEPE investors may be preparing to sell their coins and reduce the likelihood of incurring losses, as evidenced by the decrease in their holdings. Data from IntoTheBlock shows that within just 24 hours, whales sold over 1.16 trillion coins after their wallet balance dropped from 647 billion to -521 billion coins.