Pepe Whale Sells 150 Billion Tokens, Causing Price Drop

A large holder of Pepe coin has sold 150 billion tokens on Binance for approximately $1.14 million, causing a price decline. The investor initially spent about $2,184 to acquire 1.5 trillion Pepe tokens.

Key Details

The investor has realized profits of $6.66 million, achieving a return of 4,718 times their initial investment.
After the sale, they still hold around 493 billion Pepe tokens valued at approximately $3.64 million.
The price of Pepe dropped by about 4.59%, currently trading at $0.00006976.
Trading volume increased by 3.90% to $421.28 million despite the price decline.
Technical indicators show a bearish trend; the MACD suggests further price drops may occur.
Analysts warn that if prices remain below $0.0000075, a potential drop of 20% could push it to around $0.00000585.

Market conditions are sluggish, contributing to ongoing pressure on Pepe's price.