PEPE Coin Price Drops 20% After Massive Transfer to Binance.
The price of PEPE coins has fallen 20% from its peak after a massive transfer of 660.7 billion coins to Binance. An anonymous trader purchased the tokens a month ago and sold them for $9.01 million, realizing a 52% return on investment. The transfer occurred after PEPE prices had already dropped 14% in the last 24 hours.
According to analyst @spotonchain, the tokens were bought on both Binance and MEXC exchanges, with a total expenditure of around $4.57 million. PEPE has declined over 21% since reaching an all-time high of $0.00001718 on May 27, potentially driven by the SEC's recent approval of an Ethereum spot ETF. Currently, PEPE is trading at $0.00001374.