PEPE Drops 7.61% as $620M Wiped Amid Market Volatility and Major Whale Activity

PEPE is currently trading at $0.00001397 on Binance, reflecting a 7.61% decline over the past 24 hours, with a 24-hour trading volume ranging from $599.38 million to $1.48 billion and a market capitalization of approximately $5.82 billion. The recent price drop, which erased about $620 million from its market value, is largely attributed to broader market volatility, including debates over cryptocurrency regulations following recent political events, while technical analysis and large holder activity, such as the acquisition of 500 billion PEPE tokens, indicate ongoing interest and potential for future volatility.