PEPE loses 20% of ATH due to transfer of 660.7 billion coins to Binance
A mysterious cryptocurrency trading whale has transferred a huge amount of PEPE coins to the Binance exchange. This led to an 11% decline in the asset's price, compared to its recently reached all-time high.
An anonymous trader transferred a whopping 660.7 billion coins for sale on Binance. This comes after the price of PEPE fell 14% in the last 24 hours.
According to the account, these coins were purchased not only from Binance, but also from another major cryptocurrency exchange, MEXC. The total amount spent on the coins was approximately $4.57 million.
After its recent record high, PEPE fell more than 21%. This growth was likely caused by the recent decision by the US Securities and Exchange Commission to allow ETFs to be listed on Ethereum.
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