Pepe Coin Faces Significant Value Drop Due to Institutional Selling – BitRss

In recent days of volatility in the crypto market, Pepe Coin has experienced a significant value decline. The release of 175 billion tokens by a major institution and increasing selling pressure have had a marked impact on this asset. The prevailing uncertainty in the market has escalated the risks associated with this digital asset.

Impact of Institutional Selling

According to Lookonchain data, an institution named Nanscent sold 175 billion Pepe Coins via Binance on February 8, conducting a transaction worth approximately 1.5 million dollars. This transaction is viewed as indicative of the institution liquidating all its holdings in Pepe Coin.

Additionally, it has been reported that Nanscent released 608.85 billion tokens in a transaction worth 7.73 million dollars between June 6 and July 15, 2024. The institution’s previous sales have intensified the pressure on the asset.

Market Expectations

Experts suggest that due to increasing supply pressure and investor hesitation, further value loss for Pepe Coin is likely. Recent data indicates that the t…