Pepe's Large Transaction Volume Plunges 51%: What's Happening to PEPE?

The cryptocurrency PEPE is facing headwinds as pepes large transaction volume plunges 51%. This dramatic shift is raising concerns among investors and prompting a search for alternative crypto assets.

Data from IntoTheBlock indicated that the volume of large transactions for the asset dropped by an impressive 51%. The total volume was recorded at $12.86 million. This signifies a notable decrease in institutional and high-value investor activity surrounding PEPE.

Massive Drop in Large PEPE Transactions

The Real Volume of PEPE saw a significant fall in large transactions from a high of 1,520 to just 155 over the past three months. This decline closely mirrored PEPE’s price, which fell significantly.

The introduction of Pepe Coin PEPE brought about significant changes in the cryptocurrency industry It generated a considerable amount of excitement surpassing other new meme coins upon launch. However, this initial enthusiasm appears to be waning.

PEPE Price Plummeting: Is This the End?

A sudden decrease in Pepe's trading volume has sent shockwaves across the crypto market, encouraging investors to look for alternate assets. New York, NY – The cryptocurrency PEPE has experienced a drastic decrease in the number of large transactions over the past three months, dropping from 1,520 to 155.

This decline in PEPE’s price has plummeted by 20% within just a week, reaching a pivotal support level at $0. , where any further drop could exacerbate its market position. The question now is whether PEPE can recover or if this decline marks a more permanent shift in investor sentiment.

Stay tuned for further updates on the PEPE situation and its impact on the broader cryptocurrency market.