币界网报道：Pepe (PEPE) token prices plunged over 30% in 24 hours following a major whale selloff, with one holder dumping 1.24 trillion tokens worth $1.6 million. The memecoin's market cap dropped from $1.6 billion to $1.1 billion amid the selloff, though it remains the third-largest memecoin by capitalization. On-chain data shows the whale had accumulated PEPE since late 2023, spending just $300,000 to acquire the tokens now worth millions. The selloff triggered liquidations exceeding $1.5 million across derivatives exchanges. Despite the downturn, PEPE trading volume surged 200% to $260 million as traders capitalized on volatility. Analysts note the token remains 700% up year-to-date, with some viewing the dip as a buying opportunity given PEPE's strong community support and recent exchange listings. The memecoin market shows continued resilience despite regulatory uncertainties surrounding the asset class.