🚨🚨🚨 $PEPE Token Faces Major Price Correction!‼️‼️‼️‼️
The widely recognized meme-based cryptocurrency PEPE has experienced a notable price drop, falling by approximately 10.2% within the past 24 hours. This sudden dip resulted in a significant decrease in its market capitalization, reducing it by nearly $580 million, which caused concern among traders and investors alike.
📊 What Triggered the Price Decline?
Market data suggests that a major wallet—likely controlled by a large-scale investor or "whale"—transferred nearly $6.1 million worth of PEPE tokens to the Binance exchange. Such large movements often create uncertainty in the market, as they may signal a possible liquidation or heavy sell-off, leading to fear-driven reactions and increased volatility.
💰 Current Status of PEPE Coin
Even with the recent correction, PEPE continues to hold a strong position in the meme coin sector. Its market capitalization still exceeds $4.7 billion, while its 24-hour trading volume has remained high, reaching around $1.4 billion. These figures indicate that despite the current selling pressure, trading activity and investor interest remain strong.
⚠️ Investor Advisory
It's important to remember that digital assets—especially meme coins like PEPE—are highly volatile and can fluctuate sharply in short periods. Always approach such tokens with caution, conduct thorough research, and never invest more than you can afford to lose.
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