In an unprecedented turn of events, against the backdrop of a meme coin market slump witnessed today, Pepe coin took a bearish stage with a considerable pullback in its price. Slipping nearly 5% in the past 24 hours, the frog-themed meme coin has stirred speculations among investors over a ‘topping out’ sentiment for its price trajectory.
This sentiment primarily stems from a staggering 1.2 trillion PEPE being offloaded to Binance, one of the leading CEXs, today, May 7. Here’s a closer look at the colossal transfer that ignited a flurry of bearish thoughts on Pepe Coin’s future movements.
Multisig Wallet Shifts Pepe Coin To Binance
According to reports from various on-chain transaction tracking platforms, a multisig wallet, typically associated with whales or institutions, was responsible for the deposit of 1.238 trillion PEPE, equivalent to $10.56 million, to Binance. While the coin’s price trajectory waned, this colossal PEPE dump has additionally sparked bearish market sen
We współpracy z: https://coingape.com/pepe-coin-whale-dumps-1-tln-pepe-amid-5-price-drop-what-next/
