<p class="is-style-lead">Meme coin pepe sees tremendous losses in price valuation ahead of the ongoing wrangle between Binance and the SEC that has provoked FUD and investor panic.</p>



<p><a href="https://crypto.news/price/pepe/">Pepe</a> has seen a 16% drop in price valuation within 24 hours, trading at $0.000001. The meme coin&#8217;s market cap stood at $396.3 million. Trading volume stood at $190.8 million during press time.</p>



<figure class="wp-block-image size-full"><img decoding="async" loading="lazy" width="1424" height="792" src="https://crypto.news/app/uploads/2023/06/PEPE_7D_graph_coinmarketcap.jpeg" alt="Pepe price tumbles 16% amid Binance regulatory saga - 2" class="wp-image-14165922"><figcaption class="wp-element-caption">PEPE price drop | Source: <a href="https://coinmarketcap.com/currencies/pepe/" data-type="URL" data-id="https://coinmarketcap.com/currencies/pepe/" target="_blank" rel="noopener">CoinMarketCap</a></figcaption></figure>



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<h2 class="wp-block-heading" id="large-pepe-holders-selling-for-losses">Large pepe holders selling for losses</h2>



<p>Recent sales of large sums of pepe meme currency by major holders have resulted in losses for such investors.</p>



<p>Notably, a single 0x4614 <a href="https://crypto.news/price/ethereum/">ethereum</a> address lost 76 ether (about $142,000) after selling 375,8 billion Pepe tokens for $439,690.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Whales/SmartMoneys are selling <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$PEPE</a>.<br><br>A whale deposited 649B <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$PEPE</a>($761K) 1 hr ago.<br><br>0x4614 who made 1,182 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$ETH</a>($2.2M) on <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$PEPE</a> sold 375.8B <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$PEPE</a>($306K) at a loss of 76 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$ETH</a>($142K) 1 hr ago.<br><br>0x6544 who made $352K on <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$PEPE</a> sold 257.9B <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$PEPE</a>($306K) at a loss of $35K 4 hrs ago. <a href="https://t.co/w8crgva6S0" target="_blank">pic.twitter.com/w8crgva6S0</a></p>&mdash; Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1665689366855925762?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 5, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>The 0x6544 Ethereum address lost $35,000 after selling 257.9 billion coins valued $306,000. These massive trades reflect the losses these prominent pepe token holders have sustained.</p>



<p>More than 649 billion pepe tokens, worth over $760,000, were deposited by a whale on Binance.</p>



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Pepe price tumbles 16% amid Binance regulatory saga

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