PEPE Token Drops 3.69% Amid Whale Moves and Market Volatility; Trading Volumes Surge

PEPEUSDT experienced a 3.69% price decrease over the past 24 hours, with the current price at 0.00000887 (Binance data). The decline can be attributed to broader negative sentiment in the cryptocurrency market, as highlighted by an 18% drop reported on June 22, 2025, and ongoing volatility in the memecoin sector. Social media activity, particularly a recent tweet by Elon Musk, previously contributed to short-term gains, but was insufficient to offset the prevailing downward trend. Notable whale activity, including large-scale withdrawals and significant wallet transfers, has added to market volatility. Trading volumes remain elevated, reflecting strong retail and speculative interest. Overall, PEPE continues to demonstrate high volatility, with price movements closely tied to social sentiment and large-holder actions.