PEPE Sees $7.47M Whale Profit-Taking Amid 8.62% Drop, Trading Volume Hits $1.56B

PEPE is currently trading at approximately $0.00001176 with a 24-hour trading volume of around $1.56 billion and a market capitalization near $3.13 billion, reflecting an 8.62% price decline over the past 24 hours. The recent price drop is primarily attributed to significant profit-taking by large holders (whales), as evidenced by a notable transfer of 502.5 billion PEPE tokens to an exchange for a realized profit of $7.47 million, alongside broader market declines impacting meme coins. Despite the correction, PEPE has demonstrated strong upward momentum over the past month, high trading activity, and ongoing community interest, while related projects like "MIND of Pepe" continue to attract attention with successful fundraising and upcoming listings.