Pepe Coin Whale Dumps 1 Tln Coins To Binance, Price Risks Further Dip?

Pepe Coin Concerns Amidst Market Correction

In the wake of today's bearish crypto market trend, Pepe coin has raised investor concerns. The frog-themed meme coin has experienced a downward correction in the past 24 hours, fueled by a massive selloff from a significant investor.

Whale Sells Off 1.15 Trillion Coins

According to on-chain data, over 1 trillion PEPE tokens were transferred to Binance by an unknown wallet. This transaction, valued at approximately $12.34 million, has created significant selling pressure and raised doubts about the asset's future prospects.

Despite the sizable selloff, the unnamed whale still holds a substantial amount of PEPE, along with a diverse portfolio of other tokens, including SHIB, LINK, MATIC, and others.

Price Decline Reflects Market Sentiment

In line with market expectations, the price of PEPE has declined following the large-scale sale.

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