PEPE price falls despite $206K whale buy after Binance hacker dump

PEPE price has fallen toward $0.0000049 on October 30 after the attacker behind the Binance hack reportedly sold 7.77 trillion tokens worth nearly $31.66 million, adding pressure to an already volatile cryptocurrency market. PEPE price traded near $0.0000049 on October 30 after a volatile session that took the token as low as $0.0000044. Lookonchain reported that the Binance attacker sold 7.77 trillion PEPE worth approximately $31.66 million. A trader known for an early PEPE investment reportedly bought another 45.08 billion tokens after the sale. PEPE futures volume climbed as open interest fell, showing traders reducing outstanding leveraged positions.

Also reported by TheCoinrise.

Source: crypto.news