PEPE Cryptocurrency Drops Nearly 5% Amid High Trading Volume
Meme-inspired cryptocurrency PEPE fell nearly 5% in the last 24 hours amidst significant liquidations and trading activity. Key points include:
- Price dropped from $0.000012023 to $0.00001119.
- Trading volume spiked to 6.91 trillion tokens within an hour.
- Further selling pressure noted at $0.000011549, with volumes exceeding 85 trillion tokens.
- Support level at $0.000011525 failed to attract buying interest.
- PEPE underperformed against the broader market; CoinDesk 20 index down 1.35%, CoinDesk Memecoin Index down 6%.
- Whale holdings decreased by 0.1%, while PEPE on exchanges fell by 0.5% over the past week.
- Charts indicate a pattern of lower highs and increased selling pressure, suggesting potential further declines.