PEPE has experienced a 5% decline, influenced by significant whale selling and ongoing turmoil in the memecoin market. This downturn reflects broader challenges faced by the sector. Whale activity, characterized by large-scale transactions, has contributed to the selling pressure on PEPE. As a result, investors are reacting to the market‘s instability, leading to a cautious sentiment among traders. The memecoin sector continues to grapple with volatility, which has raised concerns about its sustainability and future growth.
