Whale Profit-Taking Sinks PEPE Memecoin 7%

A 7% drop in the PEPE memecoin price is attributed to sell-offs by large investors, or whales, and heightened political risk. This decline highlights the vulnerability of the memecoin market to volatility and liquidity pressures. Analysts point to the increased trading activity during the past 24 hours as a potential contributor to this price movement, indicating a shift in investor sentiment.