Title says PEPE skyrocketed 67%, on-chain data asks: are you sure? 🐸
Decrypt just dropped an interview video with the founder of Infinex, and the headline is super eye-catching—"PEPE skyrocketed 67%, crypto market up 6-9%!" But when you check the on-chain data, PEPE has actually dropped about 4.7% in the past 24 hours, and BTC is just bouncing around the $62K-$64K range, which is quite different from the headline 😅
Of course, the 67% might refer to a longer time frame, it's just that the headline didn't clarify that. Right now, market sentiment is leaning towards fear (index at 23), and institutional funds have seen a net outflow of $8 billion over the past month, so short-term rebound momentum is definitely limited.
However, the Infinex project itself is worth keeping an eye on—it's a non-custodial multi-chain derivatives platform created by Synthetix veteran Kain Warwick. In the interview, he discussed browser extension features and upgrades to DApp interaction experiences. Clickbait headlines are still common in the crypto space, so remember to check the data against the news before diving in!～
$PEPE #Infinex #DeFi
$PEPE $BTC
Decrypt just dropped an interview video with the founder of Infinex, and the headline is super eye-catching—"PEPE skyrocketed 67%, crypto market up 6-9%!" But when you check the on-chain data, PEPE has actually dropped about 4.7% in the past 24 hours, and BTC is just bouncing around the $62K-$64K range, which is quite different from the headline 😅
Of course, the 67% might refer to a longer time frame, it's just that the headline didn't clarify that. Right now, market sentiment is leaning towards fear (index at 23), and institutional funds have seen a net outflow of $8 billion over the past month, so short-term rebound momentum is definitely limited.
However, the Infinex project itself is worth keeping an eye on—it's a non-custodial multi-chain derivatives platform created by Synthetix veteran Kain Warwick. In the interview, he discussed browser extension features and upgrades to DApp interaction experiences. Clickbait headlines are still common in the crypto space, so remember to check the data against the news before diving in!～
$PEPE #Infinex #DeFi
$PEPE $BTC