The recent news highlights that several major holders, also known as whales, of the $PEPE token have sold off a large portion of their holdings. Various transactions involving billions of $PEPE tokens have taken place recently, as confirmed by Lookonchain data. Specific transactions include one whale depositing 430 billion $PEPE tokens worth $6.39 million to Binance, another moving 325.5 billion tokens ($4.9 million) to Binance, and a third whale exchanging 200.88 billion $PEPE tokens for 2.85 million $USDC. These large-scale transfers suggest a trend among principal owners and raise concerns among traders about $PEPE's market potential. While Binance shows strong market liquidity for $PEPE, these sell-off actions may result in downward pressure on the token's price. Investors closely watch and react to the activities of these whales, as they can significantly impact smaller-cap tokens like $PEPE through their trading activity.



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