Pepe Whale Dumps 9 Trillion; Token Price Drops 14%!
Pepe coin (PEPE) has recently sparked bearish market sentiment across the crypto space, with its weekly (weekly) correction widening to 14%. During this period, a whale dumped 9 trillion PEPE that it had recently accumulated from Bybit, further sparking market discussions.
Meanwhile, Pepe coin has bucked the trend and is trading in the red zone. This plunge coincides with the massive PEPE dump to exchanges mentioned above. In addition, market maker Wintermute was also recorded dumping a whopping 702 billion tokens to the Binance cryptocurrency exchange yesterday.
PEPE Price Drops 14%
Currently, PEPE price is down 1.24% in the past 24 hours and is trading at $0.000009364. Its weekly chart shows a 13.90% price correction. Meanwhile, the daily minimum and maximum prices were $0.000008791 and $0.000009435, respectively.
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Data showed that PEPE futures open interest rose 10.19% to $100.46 million. However, derivatives trading volume fell 43.32% to $1.25 billion, suggesting that the market is uncertain about investor sentiment towards the asset.
