PEPE Token Drops 5.44% Amid 1.1 Trillion Transfer and 29% Volume Decline on Binance

PEPEUSDT experienced a 5.44% price decline over the past 24 hours, with the current price at $0.00001233 and a 24h open of $0.00001304 according to Binance data. The price drop can be attributed to a combination of factors, including a notable decrease in trading volume (down approximately 29% from the previous day), which suggests waning short-term trading interest and potential market consolidation. Additionally, the transfer of 1.1 trillion PEPE to Binance by a large holder may have contributed to increased selling pressure or anticipation of further market activity. Recent news highlights a lack of major technical updates for PEPE, though upcoming payment utility integration with Bitnile.com in July 2025 could influence future sentiment. Currently, PEPE maintains a market cap near $5.51 billion and remains a central figure in the meme coin sector, but short-term volatility and reduced volume are key trends in the latest trading session.