Pepe

Shiba Inu

Pepe meme coin faced selling pressure as the broader crypto market dipped, with reports of a whale allegedly selling one trillion coins. 
Crypto influencer Jake Gagain <a href="https://x.com/jakegagain/status/1850907519201247726" target="_blank" rel="nofollow">claimed</a> that an unknown Pepe (<a href="https://crypto.news/price/pepe/" target="_blank">PEPE</a>) whale offloaded one trillion tokens, worth approximately $8.7 million, on crypto exchange Binance. 
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 🚨 BREAKING: PEPE WHALE DUMPS 1 TRILLION TOKENS ON BINANCE A massive <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$PEPE</a> whale offloaded over 1 trillion tokens to Binance earlier today. Price dipped roughly 2% intraday. <a rel="nofollow" href="https://t.co/c6hpLywg8v" target="_blank">pic.twitter.com/c6hpLywg8v</a>— JAKE (@JakeGagain) <a href="https://twitter.com/JakeGagain/status/1850907519201247726?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 28, 2024</a>
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While crypto.news was unable to independently verify Gagain’s report, market data certainly confirms a downward movement in Pepe’s price. The Kermit the Frog-inspired meme coin slumped over 4% in 24 hours, adding to a 14% decline on the weekly timeframe. 
 You might also like: <a rel="" href="https://crypto.news/how-many-pepe-coins-are-there/"> How many Pepe coins are there? </a> 
Pepe’s market cap retraced to $3.6 billion as of Oct. 28, though the token remained within the top 30 cryptocurrencies by market valuation. 
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 <img loading="lazy" decoding="async" width="1113" height="653" src="https://crypto.news/app/uploads/2024/10/PEPEUSDT_2024-10-28_18-19-25.png" alt="Pepe down 4% amid reports of whale dumping on Binance - 21" class="wp-image-14306526">
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 24-hour PEPE price chart – Oct. 28 | Source: crypto.news
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The drawdown encompassed crypto’s entire meme coin ecosystem. According to CoinGecko, the meme category was down to $62.2 billion in total after a 14% drop in the past day. Meme coin leaders like PEPE, Shiba Inu (<a href="https://crypto.news/price/shiba-inu/" target="_blank">SHIB</a>), dogwifhat (<a href="https://crypto.news/price/dogwifhat/" target="_blank">WIF</a>), Bonk (<a href="https://crypto.news/price/bonk/" target="_blank">BONK</a>), and Floki (<a href="https://crypto.news/price/floki/" target="_blank">FLOKI</a>) all dropped in price across both daily and weekly charts. 
None-meme altcoin and crypto majors also suffered modest price regressions. The total cryptocurrency market cap was down nearly 1% and hovered around $2.4 trillion. 
 Read more: <a rel="" href="https://crypto.news/circle-releases-confidential-erc-20-whitepaper/"> Circle releases ‘Confidential ERC-20’ whitepaper </a>

Pepe down 4% amid reports of whale dumping on Binance

crypto.news

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