Sudden Drop in Meme Coin PEPE (PEPE): Whale Investors May Have Insider Knowledge!

• Trillions of meme coin PEPE were traded, leading to a swift drop in price.
• According to blockchain analysis platform Spot On Chain, a multi-signature wallet deposited 1.238 trillion PEPE (equivalent to $10.6 million) to Binance around 06:00 this morning.
• TradingView data shows that immediately after this transaction, the price of PEPE fell by more than 3%.

A sudden influx of meme coin PEPE on Binance led to a significant price drop, raising questions about the motives behind the transaction.

Unprecedented PEPE Transaction on Binance

A multi-signature wallet made a significant deposit of 1.238 trillion PEPE, equivalent to $10.6 million, to Binance early this morning. This transaction is one of the largest involving the meme coin PEPE, and it has had immediate effects on the market. Following the deposit, the price of PEPE fell by more than 3%, according to data from TradingView.