Binance News: Major PEPE Whale Dump Triggers Significant Price Drop and Market Weakness

Pepe ($PEPE) Price Prediction: Whale Dump Triggers Drop

A major early investor in Pepe ($PEPE) offloaded over a trillion tokens, leading to a steep drop in price. The sell-off triggered wider crypto market weakness and reflected declining trader confidence in PEPE. Blockchain analytics platform Lookonchain reported that the investor sold 150 billion PEPE tokens on Binance on March 29, 2024, worth approximately $1.14 million, and has now liquidated a total of 1.02 trillion tokens, resulting in $6.66 million in sales. The investor made a profit of $10.3 million, marking a return of 4,718x. MACD and RSI indicators confirm strong bearish momentum for PEPE price.

Binance Coin (BNB) Price Prediction for March 31

In the last 24 hours, the price of BNB has declined below the $600 level. Buyers are aiming for a recovery rally, and trading volume has surged by 16% to $1.4 billion. Despite facing increasing downward volatility since February 3, BNB’s market cap has risen by 0.45% to $85.73 billion. However, the coin is currently experiencing downward pressure, with the price beneath the pivotal $600 mark, indicating sellers’ control.