币界网报道：Pepe (PEPE) has plummeted 31.2% over the past month, with large holders (whales) offloading 531.63 billion tokens worth approximately $5.63 million. The memecoin's price dropped to $0.0000096, marking its lowest level since early May, as whale transactions surged by 68% in the past week. Data from Lookonchain reveals that three major whales collectively sold 282.35 billion PEPE tokens for 1,055 ETH ($3.5 million), contributing to the downward pressure. Despite the sell-off, some analysts suggest PEPE could rebound if it holds above the $0.000008 support level, noting that the token's 24-hour trading volume remains elevated at $1.2 billion. The broader memecoin market has also faced declines, with Dogecoin (DOGE) and Shiba Inu (SHIB) dropping 15% and 20% respectively over the same period.