Pepe Coin Plunges: Are Bearish Conditions Set to Persist?

A significant sell-off by a prominent $PEPE investor has triggered a price decline for the meme coin. This investor, who initially acquired 1.5 trillion $PEPE tokens during the token’s early days, recently sold 150 billion tokens worth $1.14 million, resulting in a 7% drop from its previous day’s value. This move underscores a trend of profit realization amongst early investors as bearish sentiment gains traction in the market.