Taikhoan1q2w3e
New member
**#crypto #Whales #pepe #Market #cryptocurrency**
**Whales closed the profit, Pepe lost nearly 200 million USD capitalization**
The cryptocurrency market is experiencing a correction, with many altcoins losing value. Pepe, a popular meme coin, has lost nearly 200 million USD in capitalization in the past 24 hours.
The sell-off is being attributed to a number of factors, including profit-taking by whales and a general decline in investor sentiment. Whales are large investors who can move the market with their trades. When they sell, it can cause a sharp drop in price.
Pepe is a particularly volatile coin, and it is not uncommon for it to see large swings in price. However, the recent sell-off has been more pronounced than usual.
The decline in Pepe's price has wiped out gains made earlier this year. The coin is now trading at around $0.30, down from a high of $0.60 in January.
It is not clear when the market will bottom out, but it is likely that Pepe will continue to trade sideways for some time. Investors should be cautious before entering the market at this time.
**Reference article links:**
* [Pepe price chart](https://coinmarketcap.com/currencies/pepe/)
* [Pepe news](https://cointelegraph.com/news/pepe-price-slumps-as-whales-cash-out)
* [Cryptocurrency market overview](https://www.investopedia.com/news/cryptocurrency-market-overview-2023/)
**Whales closed the profit, Pepe lost nearly 200 million USD capitalization**
The cryptocurrency market is experiencing a correction, with many altcoins losing value. Pepe, a popular meme coin, has lost nearly 200 million USD in capitalization in the past 24 hours.
The sell-off is being attributed to a number of factors, including profit-taking by whales and a general decline in investor sentiment. Whales are large investors who can move the market with their trades. When they sell, it can cause a sharp drop in price.
Pepe is a particularly volatile coin, and it is not uncommon for it to see large swings in price. However, the recent sell-off has been more pronounced than usual.
The decline in Pepe's price has wiped out gains made earlier this year. The coin is now trading at around $0.30, down from a high of $0.60 in January.
It is not clear when the market will bottom out, but it is likely that Pepe will continue to trade sideways for some time. Investors should be cautious before entering the market at this time.
**Reference article links:**
* [Pepe price chart](https://coinmarketcap.com/currencies/pepe/)
* [Pepe news](https://cointelegraph.com/news/pepe-price-slumps-as-whales-cash-out)
* [Cryptocurrency market overview](https://www.investopedia.com/news/cryptocurrency-market-overview-2023/)
