A notable decentralized exchange (Dex) trader, identified as wallet 0x9f24, has been making strategic moves in the $PEPECOIN market.

This trader boasts an impressive win rate of 68%, successfully profiting from 17 out of 25 token trades.

Within the last 24 hours, they added 36,200 $PEPECOIN to their portfolio at an average price of $2.10, amounting to a total investment of $76.4K. The trader now holds a total of 52,500 $PEPECOIN, worth approximately $111.6K.

Currently, $PEPECOIN is hovering around a critical support level, sparking increased interest among traders. In a significant development, a massive $900K worth of $PEPECOIN was recently burned, contributing to an overall burn of around 6% (equivalent to $20M) of the total $PEPECOIN supply. This burn coincided with the Day 0 launch of the @getbasedai mainnet.

As the mainnet launch progresses, the Afterburner rewards program is ramping up, offering expanded incentives that now include Brains and Brain Credits. Here’s a breakdown of the updated reward structure:

– 500 staked $PEPECOIN earns 1 $BASED token per day.
– 6 staked Brain Credits also yield 1 $BASED token per day.
– Staking 1 Brain, however, generates a much higher return of 166 $BASED tokens daily.

With these developments, traders are keeping a close watch on the evolving dynamics surrounding $PEPECOIN, as both strategic acquisitions and burns shape the token’s trajectory in the market.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Image Source: peshkov/123RF // Image Effects by Colorcinch