PEPE Token Drops 2.88% After 1.1 Trillion Transfer, Holds Key Support Amid Market Volatility

PEPEUSDT experienced a 2.88% price decline over the past 24 hours, currently trading at $0.00001114 on Binance. The recent price drop is primarily attributed to a large holder transferring approximately 1.1 trillion PEPE to a major exchange, which likely increased selling pressure, combined with a broader cryptocurrency market sell-off. Despite the volatility, PEPE remains above key support levels, with a circulating supply of approximately 420.7 trillion tokens and ongoing interest as a trending meme coin. Market sentiment is mixed, with analysts noting potential for further downside but also highlighting technical indicators that suggest possible consolidation or rebound if broader market conditions improve.