Pepe has experienced significant volatility, dropping from 0.00001 to 0.0000069, then rebounding to 0.000008, causing fluctuations that impact investors. The reason behind this erratic behavior lies with whale investors who manipulate Pepe's price by buying when it drops and selling when it rises.
For instance, a whale investor sold 565 trillion Pepe coins at 0.000008 after purchasing them at 0.0000069, profiting from the price variance. To stabilize Pepe's value, there needs to be a reduction in circulating coins, as an excess supply can hinder price growth.
