PEPE Plummets 20% From Peak as 660.7 Billion Coins Move to Binance 📉
A significant transfer of PEPE meme coins to Binance by a mysterious whale has caused the asset's price to drop further, losing another 11% from its recent peak. The whale moved almost one trillion PEPE to Binance, with a notable 660.7 billion coins sent earlier today. This trader, who had purchased the coins a month ago, sold PEPE worth $9.01 million, netting a profit of approximately $4.95 million, which marks a 52% return on investment in under a month.
According to @spotonchain, this transaction followed a 14% decline in PEPE’s price over the past 24 hours. The coins were bought on both Binance and the major exchange MEXC, with a total cost of about $4.57 million.
PEPE, which hit an all-time high of $0.00001718 on May 27, has now fallen more than 21%. The peak was likely influenced by the recent approval of spot Ethereum ETFs by the American Securities and Exchange Commission. Currently, PEPE is trading at $0.00001374.
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