A whale dumped 438 billion $PEPE tokens worth $3.03 million, resulting in a $434K loss during the last hour.
The $PEPE token experienced higher trade volumes following the whale’s transaction, with trading volumes surging by 230%.
Technical indicators show bearish momentum for $PEPE, with RSI dropping to 45 and the MACD dropping below the signal line.
Liquidity risks and potential market manipulation increase investor skepticism, with $PEPE likely to experience further drops in the next several weeks.