Moonpig rebounded 30% in the past hour, and its market value returned to above $60 million

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Followin message, on May 26, the meme coin Moonpig on Solana continued to decline after reaching a high market value of $120 million, falling to around $44 million. Reports suggested someone was dumping, and the whale James Wynn, who has been shilling Moonpig recently, responded that he is neither the developer nor the whale behind the dump. He claims he has never sold and remains bullish on Moonpig long-term.

Possibly influenced by this news, Moonpig rebounded over 30% in an hour, with its current market value returning to $63 million.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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