Pepe USD (PEPE) has experienced a notable decline today, driven by a significant sell-off from a prominent whale in the market. This whale, known for their strategic trading of PEPE tokens, recently concluded their ninth trading cycle with a substantial loss of $612,000. Over the past three days, the whale accumulated 360.7 billion PEPE tokens at an average price of $0.00002353. However, following a nearly 10% drop in PEPE's market price, they sold all their holdings at $0.00002184, resulting in a 7.2% loss. This sell-off has contributed to the downward pressure on PEPE's price, highlighting the volatility and risks associated with speculative trading in meme-based cryptocurrencies.
The current price of PEPE is $0.000018, reflecting a 0.41% decrease today. The cryptocurrency reached a high of $0.000020 and a low of $0.000018 during the day.