A major event unfolded in the cryptocurrency market as a Pepe Coin whale offloaded over 1 trillion PEPE coins onto Binance. This dump has sparked apprehension regarding the coin's ongoing bearish trajectory.
On-chain data verified the massive transfer, leading to a notable market stir and a 2% intraday decline in PEPE's value. Observers worry about further depreciation as the meme coin struggles.
The incident has put traders on alert, scrutinizing future movements of large holders. Weekly chart analysis suggests a continuous downward pattern, exacerbating fears of a deeper crash.
This development emphasizes the volatility in the meme coin segment, with market participants closely monitoring future whale actions and potential impacts on prices.
