PEPE Token Faces 3.69% Drop Amid $1B Volume, Whale Moves, and Tornado Cash Wallet Activity

PEPEUSDT experienced a 3.69% price decline over the past 24 hours, with the current price at $0.00001019 and strong trading volume exceeding $1 billion. The recent price drop can be attributed to significant short liquidations totaling $178,700 and large-scale token transfers by major holders, including a whale who realized $1.57 million in profit after moving 595.2 billion PEPE to an exchange. Additionally, concerns over suspicious on-chain activity involving $4.28 million in PEPE purchases by newly activated wallets linked to Tornado Cash have contributed to increased market caution and volatility. Despite these factors, PEPE remains within the top 30 cryptocurrencies by market cap, reflecting continued high trading activity and interest.