PEPE Token Drops 5.24% Amid Volatility as Large Holders Accumulate and Exchange Supply Shrinks

PEPEUSDT experienced a 5.24% price decrease over the past 24 hours, opening at 0.00001278 and currently trading at 0.00001211 on Binance. The decline can be attributed to recent volatility around key support and resistance levels, as analysts noted strong selling pressure near 0.00001027 and mixed sentiment in the market, with both bullish and bearish signals observed. Additionally, large holders increased their positions and significant PEPE withdrawals from exchanges reduced circulating supply, but these accumulation trends were not sufficient to offset short-term selling activity.

The market remains active, with a 24-hour trading volume of approximately $33.95 million and a market capitalization of about $4.87 billion, reflecting ongoing interest and participation in PEPEUSDT despite recent price fluctuations.