Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

Despite the initial hype and frenzy behind Pepe [PEPE], the overall interest in the meme coin fell over the last few days. As its price decreased further, many addresses opted to sell their tokens for a loss instead of holding.

Notably, a significant event occurred when three wallets, presumably belonging to the same person, deposited 1.5 trillion PEPE tokens (equivalent to $1.2 million) into Binance [BNB], incurring a loss of $242,000.

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 team dumped 16T $PEPE on August 24. pic.twitter.com/StKCuGMGFZ

— Lookonchain (@lookonchain) September 6, 2023

Besides, PEPE had suffered a major setback when it

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Author: Suzuki Shillsalot

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