PEPE Drops 13% After Major Holder Sells 44.3 Billion Tokens Amid Market Volatility

PEPE is currently trading at $0.00001137 on Binance, down 13.54% over the past 24 hours, with a 24-hour trading range between $0.00001182 and $0.00001369 and a market capitalization of approximately $3.62 billion. The recent price decline is attributed to significant selling activity, including a large holder offloading 44.3 billion PEPE tokens worth about $6.17 million within 8 hours, and broader market volatility despite increased open interest and bullish sentiment earlier in the week. High-profile trades, such as a $12 million long position by a prominent trader, and recent technical resistance levels have contributed to heightened trading activity, but the sharp sell-off and profit-taking have driven the latest price correction.