Shiba Inu ($SHIB) and $PEPE Face Sell-Off as Whales Cash Out Millions

While leading cryptocurrencies Bitcoin ($BTC) and Ethereum ($ETH) keep rising, the memecoin market has been on a quieter note after surging earlier this year, with meme-inspired cryptocurrency Shiba Inu ($SHIB) and $PEPE facing downward pressure as large holders, colloquially known as whales, start taking profits. According to on-chain analysis service Spot On Chain, pseudonymous memecoin