Whale Selloff Hits PEPE
A month after hitting ATH, the PEPE memecoin is struggling to hold its ground, down 35% in value.
According to Spot On Chain, one of the major PEPE holders has sold 427 billion PEPE worth $8.45 million on the Kraken crypto exchange in the last 48 hours.
The same whale holds 1.21 trillion PEPE ($25.1 million in 2 wallets), with over $4 million in unrealized profits.