Pepe Coin (PEPE) is experiencing a downturn today, primarily due to concerns surrounding a significant whale activity. A crypto whale recently deposited 588 billion PEPE tokens on the Kraken exchange, sparking fears of a potential sell-off that could drive the price down. This move has raised questions about the whale's intentions, as such large deposits often precede market sell-offs, which can lead to a decrease in price. The market is particularly sensitive to these developments given the recent recovery in PEPE's price following a market crash on January 13th.
The current price of Pepe Coin is 0.0000, reflecting a 5.08% decrease from both its previous close and opening price.