Popular meme coin PEPE has recently come under the spotlight due to significant whale activity that has left many investors concerned about its future. Large holders of PEPE tokens have been selling their holdings at a loss, leading to increased market uncertainty. A recent report notes the meme coin’s price movements are strongly influenced by its presence in the social sector. However, over the last week, social activity surrounding PEPE has taken a notable downturn, with social engagements falling by 28% and social mentions decreasing by 18%. Related Reading: Ethereum Bears Gain Upper Hand With Escalating Sell-Off: Impact On ETH Price Whale Exodus: Massive PEPE Transfers Raise Eyebrows Lookonchain, a blockchain analysis platform, shed light on a puzzling development as it uncovered that three wallets, potentially controlled by the same individual, had transferred a staggering 1.5 trillion PEPE tokens to the popular cryptocurrency exchange, Binance. An hour ago, 3 wallets (probably the same person) deposited 1.5T $PEPE ($1.2M) into #Binance at a loss of $242K. These 3 wallets withdrew 1.5T $PEPE($1.45M at the time) from #OKX after the Pepe ..
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