Pepe coin price is facing difficulties due to its strong correlation with Ethereum, which is currently struggling to break key resistance levels.
Over the last 24 hours, Pepe coin dropped by 6.5%, while Ethereum slid by 5.6% in the same timeframe.
A significant factor contributing to this slump is a dormant whale dumping $38M worth of Ethereum, further hampering the growth of Pepe coin's price.
