💰 Pepe Coin (PEPE) is under pressure after a whale sold 150B tokens worth $1.14M, according to Lookonchain. This whale originally bought 1.5T PEPE for just $2,184 and has now profited over $10.3M — a 4,718x return.
🔻 Whale selloffs typically spark fear in the market, especially in memecoins. This dump follows last week’s 500B PEPE accumulation, which traders hoped would drive price up — but the opposite has occurred.
📉 PEPE is trading at $0.0000073, down 5.57% in 24 hours, with a 62% YTD drawdown. Although the token is up 0.54% over 7 days, it remains one of the biggest losers amid the broader market downturn.
📊 The crypto market remains under bearish pressure due to macroeconomic uncertainty. Bitcoin’s drop is dragging down memecoins like Dogecoin (−5.58%) and Shiba Inu (−3.3%) alongside PEPE.
🔮 A halt in whale selloffs and a rebound in memecoin sentiment could fuel PEPE’s recovery. Until then, more volatility may lie ahead.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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