PEPE Slides 8.78% After Major $25M Profit-Taking, $620M Market Value Lost Amid Sell-Off

PEPE is currently trading at $0.00001288 on Binance, reflecting a 24-hour decline of 8.78% from an open of $0.00001412, with trading volumes ranging between $599 million and $1.14 billion and a market capitalization estimated between $2.83 billion and $3.13 billion. The recent price drop and decreased trading activity are attributed to a significant sell-off, including a large trader closing a PEPE long position for a realized profit of $25.19 million, as well as a broader market pullback that resulted in a 7% price dip and approximately $620 million in market value being wiped out; despite these declines, PEPE maintains strong investor interest, evidenced by over 114,000 holders and ongoing analyst attention.