Pepe Crypto Down 12%: Healthy Correction Or Price Crash?

Pepe’s (CRYPTO: PEPE) price slump has raised concerns, but its growing user base and positive long-term outlook suggest potential for future gains.

What Happened: Lookonchain data reveals that a whale deposited 150 billion PEPE (worth $2.72 million) into Binance to cut losses amid the price drop.

Earlier, on Nov. 28, the whale had withdrawn 150 billion PEPE (valued at $2.94 million) and 60 billion SHIB (worth $1.52 million) from Binance.

At current prices, the whale is facing a $219,000 loss on PEPE and $136,000 loss on SHIB.

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