Farcaster

According to 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 one whale made a profit of $2.15 million by selling 427 billion PEPE tokens worth $8.49 million on the Kraken exchange.
Another whale also sold 74.483 billion MOG tokens worth $177,736.
However, another whale bought $18 million worth of meme coins, which did not affect the downward trend in prices.