PEPE Drops 10% Amid $1.74B Volume Surge as Major Holders Move 500B Tokens

PEPE is currently trading at $0.00001157 on Binance, reflecting a 10.10% decline over the past 24 hours, with a 24-hour trading volume of approximately $1.74 billion and a market capitalization around $4.89 billion. The sharp price drop and high volatility are primarily attributed to a broad market downturn affecting most cryptocurrencies, with PEPE experiencing significant selling pressure as noted in recent news coverage. Large holder activity, including a substantial deposit of over 500 billion PEPE tokens to Binance, may have contributed to increased supply and further downward pressure. Despite this short-term decline, PEPE remains among the top 35 cryptocurrencies by market capitalization and has shown strong performance over the past month, though current sentiment is driven largely by speculative trading and broader negative trends in the crypto market.