According to CoinMeta, PEPE has fallen by about 14% today to $0.00000456, despite whales withdrawing tokens worth approximately $16.9 million from exchanges over the past seven days. This decline reflects an increasing disconnect between large traders' movements and actual market demand. According to data from Deep Blue Alpha, 47 monitored whale wallets withdrew a total of about $34.7 million in PEPE over the seven days, while depositing $17.8 million, resulting in a net withdrawal of $16.9 million. Although these withdrawals can reduce the supply of immediately available sell orders, the latest decline in PEPE was accompanied by forced liquidations, which weakened derivative activities and led to the reinvestment of funds on the trading platform.