The meme coin phenomenon $PEPE, which once fascinated the cryptocurrency world, is now encountering a possible turning point. In a remarkable turn of events, whales—large investors with significant holdings—have started to offload billions of $PEPE tokens on exchanges, raising concerns about the future of this meme token. Among the most striking examples is a whale identified as 0xfbf, who has finalized their $PEPE trade with an astounding $11.1 million profit, achieving an impressive 11x return after holding the token for 1.22 years. Currently, billions of tokens are now flooding exchanges. The market sentiment surrounding $PEPE is possibly showing signs of
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