430B Coin Selloff Causes Major Decline
$PEPE saw a massive 14.14% drop in 24 hours after a whale sold 430 billion coins, making a profit of $5.82 million.
The massive selloff has raised concerns about the future of the coin, which has fallen 48% from its all-time high.
The cryptocurrency market is full of volatility, and these massive sales could lead to further declines.
The top 10 addresses have also reduced their holdings by 16.74%, leading to significant changes in market liquidity.
Retail investors are facing significant losses, while the futures market has seen $7.83 billion worth of long positions liquidated.
The future of $PEPE remains uncertain, with the potential for further declines if whales continue to reduce their support.
![](https://bin.bnbstatic.com/image/admin_mgs_image_upload/20240812/a7120d40-14bd-4332-80fd-cd483ffbe086.png)
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