Memecoin market crashes following massive sell-off by whales
According to a report by CoinGecko, the total market value of meme coins fell by more than 12% to $113.32 billion as whales exited.

Meanwhile, Dogecoin (DOGE) fell 8.5% to $0.33 and Shiba Inu (SHIB) fell 7%.
Analytics platform Spotonchain reported that a whale made a profit of $2.15 million by selling 427 billion PEPE tokens worth $8.49 million on the Kraken exchange.
Also, another whale sold 74.483 billion Magcoin (MOG) tokens worth $177,736.
 However, another whale bought $18 million worth of Memecoin, which had no impact on the downward trend in prices.

This market is heavily dominated by market makers and whales. You have to be very careful.
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