PEPE Drops 12% as $2.84M Reward Selling Hits – What’s Next?
Key Highlights PEPE shed 12% of its market capitalization in 24 hours as memecoins broadly declined over 5%, though the token retains a 27% weekly gain. Selling pressure originated from StonkFun’s reward system, where FEELSGOOD holders offloaded $2.84 million in PEPE tokens, driving Open Interest down to $334 million from $400 million. Analyst Ali Martinez ...