PEPE slipped about 1% after a large holder sent 500 billion tokens—worth $4.8 million—to Binance, extending a 40-day downturn that has already cost the trader around $450,000. Such transfers are typically viewed as precursors to selling.
Despite the pressure, the token rebounded from lows near $0.00000938 to trade around $0.00000992, moving within a 6% intraday range. Over 3.26 trillion tokens were exchanged during the session, with volumes peaking as prices bounced, according to CoinDesk Research.
The whale still controls 1.5 trillion PEPE valued at more than $14 million. Broader accumulation trends remain in play, with Nansen data showing Ethereum-based whales increased holdings by 1.46% over the past month.
PEPE continues to outperform the wider memecoin sector: the CoinDesk Memecoin Index (CDMEME) fell nearly 3% over the past day, while PEPE’s decline was limited to about 1%.
