PEPE Coin has dropped 80% from its all-time high of $0.00002825 due to whale sell-offs.
PEPE faces a heavy sell-off, but signs suggest the potential for a rebound.
One of the most hyped memecoins, PEPE Coin, has nosedived around 80% from its all-time high of $0.00002825, recorded in December 2024. In the last 24 hours, PEPE’s price has declined by more than 27%. According to CMC data, PEPE Coin was trading at $0.000059795 at press time, indicating that the memecoin is under severe selling pressure. The major reason for this downturn is the liquidation of tokens by large holders.
Source: (CMC)
The primary drivers of the sell-off happen to be the Trump Tariffs and whales in the market. According to on-chain data, more than 1.1 trillion PEPE tokens have been liquidated in recent times. A crypto analytics firm reported that one whale deposited 430 billion PEPE worth $6.39 million into Binance in just nine hours. Another whale transferred 325.5 billion PEPE worth $4.9 millio
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