PEPE, a popular memecoin, has experienced a significant decline of 7% due to a combination of profit-taking by major investors, often referred to as "whales," and increasing political risks that are impacting the overall cryptocurrency market. As traders navigate this volatile landscape, it is crucial for them to monitor key indicators and developments that could further influence PEPE's price trajectory and the broader sentiment within the memecoin sector. Here are the specific factors they should keep an eye on.
source: https://blocknews.com/pepe-falls-7-as-whale-profit-taking-and-political-risks-hit-memecoin-market-here-is-what-traders-need-to-watch/