PEPE Sees 10.59% Drop After Rally: Whale Activity and High Volatility Shape Market Move

PEPE is currently trading at $0.00001401 on Binance, reflecting a 10.59% decrease over the past 24 hours, with significant trading volume and a market capitalization of approximately $2.83 billion. The recent price decline follows a period of strong upward momentum driven by whale accumulation, technical chart patterns such as the bullish cup and handle, and increased market interest highlighted by high trading volumes and a rising Fear & Greed Index. Despite positive sentiment and forecasts projecting further gains, the immediate price drop appears to be a short-term correction after recent rallies and heightened volatility, possibly influenced by profit-taking and market reactions to recent listing announcements and technical resistance levels.