2 Trillion PEPE Coin Exit Binance Amid Price Decline

This wasn’t the only transaction facilitated by the whale. Notably, before acquiring a significant amount of PEPE tokens, the whale sold nearly 97,735 LINK tokens and 9,883 BNB coins, resulting in a loss of about $342K. It is important to note that the investor intentionally traded their holdings with the intention of acquiring a substantial amount of PEPE tokens. The whale accomplished this move by simultaneously adding an additional 227 ETH worth $424K to their portfolio.

PEPE records spike in network activity

During this period, PEPE witnessed a notable increase in its daily active addresses. According to into the block data, the asset experienced a 7.33% surge, resulting in a total of 3.21K active addresses. Furthermore, the volume of large transactions observed a significant 92% upswing. Presently, the PEPE network’s volume of large transactions amounts to $13.91 million.

However, this surge could be in line with increased selling pressure in the PEPE market. The asset’s price reflected this trend. At press time, the meme coin was trading for $0.00000153 with a 2.3% daily drop. It is worth noting that the asset saw a weekly pump of 45%.

Furthermore, the one-hour chart of the meme coin also indicated a similar trend through the Relative Strength Index [RSI] indicator. The RSI marker resided in the sellers’ zone, signifying heightened selling activity.