The #pepe⚡ coin’s losses have increased significantly after a whale (major holder) sold 500 billion of the coin yesterday, incurring a huge loss.

Over the past 24 hours, the price of PEPE has fallen by over 4% to settle at 0.000007858$ , while the total value of the sector’s assets as a whole has also lost at a similar rate; with PEPE currently settling after last week’s volatility at a 25% decline from two weeks ago and 33% a month ago, there’s no doubt that this prominent meme coin is going through a very tough time.

However, given its ability to maintain a 460% year-to-date gain and its current trading volume of $700 million, the coin looks set for a strong recovery soon.