Pepe Coin (PEPE) has experienced significant volatility recently, driven by various market dynamics and internal issues. One major factor is the substantial movement of PEPE by large holders, or "whales." For instance, a whale purchased approximately 640 billion PEPE tokens for about $529,000, which has influenced the coin's market stability

Additionally, technical indicators suggest mixed sentiment. While some analysts believe PEPE might recover and potentially erase a zero from its price, it faces substantial resistance and market volatility【15†source】【16†source】. The uncertainty is further fueled by fears of a potential "rug pull" after unexpected token transfers and security modifications by the developers, which have raised concerns within the community