PEPE Token Faces 4% Drop Amid 54% Surge in Whale Activity and $1.2B Trading Volume

PEPEUSDT experienced a 4.07% price decline over the last 24 hours, trading at 0.00001014 USDT on Binance. This drop is primarily attributed to heightened whale activity, which increased by 54% in netflows, contributing to market volatility and a recent 20% price correction from earlier highs. Additional factors impacting sentiment include large-scale purchases by addresses linked to previously reported fraudulent activity and ongoing comparisons to other memecoins, which have fueled both speculation and uncertainty. Despite the price decline, trading volume remains high at over $1.2 billion, and PEPE maintains a strong market capitalization of approximately $4.26 billion, ranking #28 globally, reflecting continued significant interest and liquidity in the token.