PEPE Sees $1.93B Volume Surge as Price Drops 12.99% After Major Exchange Events

PEPE is currently trading at $0.00001139 on Binance, with a 24-hour trading volume of approximately $1.93 billion and a 12.99% price decline from the previous day's open of $0.00001309. The sharp price drop in the last 24 hours follows a period of heightened trading activity and volatility, influenced by significant events such as Binance Futures listing the 1000PEPEUSDT perpetual contract with up to 50x leverage, new spot trading pairs, and a large-scale PEPE token giveaway. Additionally, substantial trading volume increases on other major exchanges and high-profile futures positions contributed to short-term bullish sentiment, but recent technical weakness and profit-taking after a strong monthly rally have led to the current pullback.