#PEPE, the Ethereum meme token, is probably familiar to everyone. At the end of June, the data was full of information that whales kept throwing out. It was these data that scared away many old friends. They bought at high prices and sold at low prices. It is estimated that the clearance is almost done. However, if you look at the market volume ratio, there is no huge amount of selling. So where did such a large amount of selling volume go? In fact, this is nothing more than a turnover between whales. Pepe's integrity has always been a concern.