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TechFlow news, December 9 — Crypto industry figure Plazma (@Plazma0x) posted on X stating that over 20 days since Robinhood listed PEPE, it has already acquired 2.5% of PEPE's total supply.
Andrew Kang, partner at Mechanism Capital, commented: "That’s equivalent to buying $50 billion worth of BTC in three weeks. Retail investors are pulling significant amounts of Meme coins out of circulation."
Crypto industry figure Plazma (@Plazma0x) posted on X that it has been over 20 days since Robinhood listed PEPE, and the platform already holds 2.5% of PEPE's total supply. Mechanism Capital partner Andrew Kang commented: "That’s like buying $50 billion worth of BTC in 3 weeks. Retail is pulling significant amounts of Meme coins out of circulation."
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