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Loosening regulations can't save PEPE either? The whales are already making different choices.
[Crypto World] Recently, both the UK and Japan have been signaling a loosening of regulations. In the UK, the FCA explicitly stated that they will focus on non-systemic stablecoins; Japan is more direct, considering tax cuts on cryptocurrency earnings.
However, PEPE hasn’t taken off as a result. Its price has been bouncing within a narrow range of $0.0000058 to $0.0000060, and it still dropped 19% over the past 24 hours. The entire market is under pressure, traders are more cautious, and leverage usage has decreased significantly.
Interestingly, there are on-chain dynamics worth noting. A major holder is sitting on 21 million USD worth of ASTER in unrealized gains; meanwhile, CZ (Changpeng Zhao) has closed his short position on PEPE. One is accumulating in anticipation of a rise, while the other is cutting losses—this clear divergence in the memecoin market is right there on the surface.