PEPE Whale Sells 531 Billion Tokens at 7% Loss, Sparking 11% Weekly Decline
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最新报道：A major Pepe (PEPE) whale sold 531 billion tokens at a 7% loss, triggering an 11% weekly price decline for the meme coin. The substantial sell-off, tracked by blockchain analytics firm Lookonchain, involved transferring the tokens to Binance in two transactions worth approximately $5.5 million. This move followed a previous sale of 701 billion PEPE by the same whale in late December 2023, which netted a $1.1 million profit. The recent dumping exacerbated PEPE's downward trend, with the token dropping 11% over the past week despite a broader crypto market recovery. Analysts note this whale activity highlights the volatility risks associated with meme coins, where large holders can significantly impact prices through concentrated trades. PEPE's market cap now stands around $500 million, down from its 2023 peak above $1 billion.
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