The popular memcoin PEPE has seen a decline in the number of large transactions occurring within a single day over the last 30 days. The number of transactions with a value between $100,000 and $1,000,000 fell by 50.44 percent during that time, while the number of transactions with a value between $1,000,000 and $10,000,000,000 fell by 63.4 percent.
The decline in trading activity suggests that people's attitude towards the asset has turned negative. This usually means that whales aren't as invested as they once were or that they don't think prices will go up anytime soon.
