PEPE Token Sees 2.01% Drop as 2.86 Trillion Tokens Hit Exchanges, Trading Volume Surges

PEPEUSDT experienced a 2.01% price decline over the last 24 hours, largely attributed to substantial sell-side activity as 2.86 trillion PEPE were moved to exchanges by large wallets and increased retail participation. This selling pressure, combined with a decrease in social media interest and on-chain activity, has led to heightened volatility and a cooling-off period following previous gains. Despite the downturn, PEPE maintains significant market activity with a current price of $0.00000585, a 24-hour trading volume of 5.63 trillion tokens (approximately $33.54 million USDT on Binance), and a market capitalization between $2.42 billion and $2.49 billion. The asset ranks #37 by market cap and all tokens are in circulation.