CandleFocus Pepe down 4% amid reports of whale dumping on Binance
2024-10-28
Author: Content Editor
The Pepe meme coin experienced selling pressure as the broader crypto market declined, allegedly due to a whale selling one trillion coins on Binance. Crypto influencer Jake Gagain reported the whale's actions, although it was not independently verified. Pepe's price dipped approximately 2% intraday and decreased over 4% in 24 hours, contributing to a 14% decline for the week. The meme coin ecosystem as a whole also saw a decrease, with meme coins like Shiba Inu, dogwifhat, Bonk, and Floki all dropping in price. Additionally, non-meme altcoins and major cryptocurrencies suffered modest price regressions, and the total cryptocurrency market cap decreased nearly 1% to around $2.4 trillion.
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