$PEPE Faces Heavy Losses as Whales and Traders Struggle Amid Market Downturn
The cryptocurrency universe is undergoing a worrisome decline as the formerly favored $PEPE token battles to stay above crucial price points. In the last few weeks, the token has been under duress, with some of its biggest holders going in the opposite direction of the market. Most recently, the $PEPE whales and other significant token holders have been reorienting themselves to preserve losses that were stacking up from trades made over the last few months. A lot of this has got some short-sellers giddy, thinking that they now have a better chance of making money with the token declining instead of going up. Major Sell-offs and Risky Trades Amid Ongoing Market Decline A telling recent episode of the current situation is an enormous sell-off that happened today. One whale, a major holder of $PEPE, crashed the price by dumping an […]
