Pepe Coin, a trending meme crypto, has gained prominent attention in recent months for its price spike and performance. It has shown impressive returns, outperforming popular meme coins like Shiba Inu and Dogecoin, with a notable 5819% return on investment (ROI) in just one month.
While Dogecoin and Shiba Inu remain prominent in the meme coin market, Pepe Coin has managed to cultivate a dedicated following and gain recognition due to its increasing popularity. However, the recent price performance of PEPE has been less extraordinary.
Also read: Shiba Inu Burn Rate Soars by 4467%, 654 million SHIB Burned
According to the latest data from CoinMarketCap, Pepe Coin’s price has plummeted by 17% amidst the sell-off.
Pepe Coin Whales Dump a Considerable volume of PEPE
Recent data from CoinMarketCap shows that the price of Pepe Coin witnessed an almost 17% price plunge over the last seven days. PEPE is also down by 2.6% in the last 24 hours and is trading at $0.000001513 at press time.
Also read: Vitalik Buterin Advocates for Bitcoin’s Exploration of Layer-2 Solutions
One of the recent cases of the Pepe Coin price plunge is the considerable sell-off by the whales. One of the oldest whales dumped a considerable amount of PEPE, leaving the whale with over $300,000 worth of the frog-inspired meme coin. This profit-taking triggered the price drop for the coin which rose by over 65% in the last 30 days.