🤑 PEPE Down Nearly 4%
Pepe (PEPE) is trading at $0.00001248, down almost 4% on Wednesday. The frog-themed meme coin has seen consistent profit-taking by traders over the past ten days.

📉 Selling Pressure
Consistent profit-taking increases selling pressure, likely pushing prices lower. On-chain data shows a spike in PEPE deposits to centralized exchanges, adding to the selling pressure.

💸 Profits Realized
PEPE holders realized over $18 million in profits from June 15 to 25, according to Santiment. Despite this, the meme coin has maintained seven-day gains of 14.31%.

🐋 Whale Activity
Whale wallet "0x387" transferred 1.1 trillion PEPE tokens ($14.2 million) to Binance. Analysts suspect these tokens will be sold. The wallet still holds $3.78 million worth of PEPE and has an estimated total loss of $1.7 million.

📊 Supply on Exchanges
PEPE supply on exchanges climbed to over 171 trillion on June 27, increasing nearly 1% in ten days. It remains to be seen if the meme coin will extend its losses.