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Pepe Slides 4.55% on Binance as Long Liquidations Hit $980,000

The token was down 5.98% over 24 hours at 08:57 UTC. A later market snapshot put it at $0.00000505, down 4.61%, as of 09:11 UTC.

Updated 1 min read
A Pepe token symbol sits beside a one-hour price decline in a market graphic. / TokenPost.ai (macro)
A Pepe token symbol sits beside a one-hour price decline in a market graphic. / TokenPost.ai (macro)

Binance spot data showed Pepe (PEPE) sliding 4.55% over an hour early Wednesday, while a tally recorded $980,000 in long liquidations across three exchanges during that hour.

By 3:57 a.m. ET (08:57 UTC), the Binance PEPE/USDT quote had moved from $0.00000527 to $0.00000503, a difference of $0.00000024. The price comparison covers Binance alone; the liquidation tally combines Binance, Bybit and OKX. It recorded no short liquidations. Liquidations are automatic closures of trading positions.

At that reading, PEPE was down 5.98% over 24 hours. A later market snapshot put it at $0.00000505, down 4.61% over 24 hours, as of 09:11 UTC.

PEPE had risen 4.32% on Binance during a separate one-hour period Tuesday, with its quote moving from $0.00000532 at 8:57 a.m. ET (13:57 UTC) to $0.00000555 an hour later. The earlier EconoTimes report on that move and short liquidations said short liquidations across the same exchanges totaled $1.14 million, while long liquidations came to $10,000.

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