Ethereum-based meme coin PEPE was the biggest loser on Monday morning, falling 12% over the past day. The meme coin has also fallen sharply by 30% over the past week.

At press time, the meme coin inspired by the famous green frog meme has a daily trading volume of $768 million, while its market cap has fallen to $3.47 billion, currently ranking 24th among the 100 largest cryptocurrencies.

A large cryptocurrency investor who holds a large amount of Pepe Coin (PEPE) has suffered a major loss. The investor, known as a "whale" due to the size of his holdings, deposited 519 billion PEPE tokens on Binance, worth about $5.11 million.

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The price of the popular "frog" meme token Pepe Coin continues to remain at $0.0000092. The digital asset has fallen more than 23% since the beginning of the week, with a peak drop of 36% — prices not seen since early May, two months ago.

The fate of the “Frog” meme token remains unknown. However, at least one major player seems to be giving up on PEPE.

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