Pepe Coin Price Rallies Despite Whales Dumping 1 Trilion PEPE In 24hrs, Is It a Fakeout?

Pepe Coin (PEPE) has failed to make strong gains in the last one month, considering that it has dropped by more than 11% within this time. As of July 9, Pepe Coin price was trading at $0.0000102 with a slight 2.7% increase in 24 hours and $673 million in traded volumes. Despite the gains recorded today, whales seem to be selling after they offloaded more than 1 trillion tokens within a day, as a bear flag indicates that there might be a 50% crash on the way.