Over 80% of potential profits by $PEPE investors were accrued in the first week of the token's issuance, according to a research from SingularityDAO. By shauryamalwa.
"The limited amount of net liquidity is creating a high-stakes game of music chairs,” shared Rafe Tariq, Senior Quant at SingularityDAO in the research note. “Everyday investors are being lured in with the hopes of big profits but the reality is that a small percentage of investors will walk away with profit, while everyone else will get burnt."
SingularityDAO also found that a small number of large-scale investors, known as"whales", hold up to approximately 25% of PEPE, while other large investors hold up 46% of the currently circulating supply. “This means that a minority of investors hold a high degree of influence over the coin's price, creating an even more risky investing environment for hopeful traders,” Tariq added, indicating that the majority of investors had “already missed the opportunity to gain huge profits before even investing in the coin.”
“What appeared to be an exciting opportunity to make a quick buck on the surface was nothing more than false hope for the average individual,” Tariq concluded.
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