🚨 $PEPE Holders in Shock After $414K Dump 😱
The memecoin madness takes a hit — $PEPE has plunged 32% since its July peak, and traders are feeling the pain.
In the last 24 hours alone, PEPE dropped nearly 4%, sliding from $0.00001083 to $0.00001002 📉.
The trigger?
🔻 Former BitMEX CEO Arthur Hayes offloaded his entire $414K PEPE bag, citing growing macroeconomic risks and the incoming U.S. tariffs set to hit imports from over 90 countries starting August 7.
💬 “Too risky right now,” he says — and he’s not the only one running for the exits.
Over 3.26 trillion $PEPE tokens were dumped during the sell-off, signaling a wave of capitulation across the market.
Even after a brief bounce, sentiment stays bearish, with many meme coins following suit.
Are meme coins done for now? Or is this just the shakeout before the next rally? 🧠💸
Let us know what you think. 👇
