The price of PEPE has been experiencing a tumultuous weekend, struggling to stay afloat amidst the broader market downturn and significant whale movement. The cryptocurrency's value saw a notable decline, falling to $0.00001088, which represents a 7.5% drop in just 24 hours. This downward trend can be attributed to a combination of factors, including the overall market sentiment and the actions of a prominent whale.

The whale in question made a strategic move over the weekend, dumping a massive amount of PEPE tokens for Ethereum (ETH). This sudden and significant sale contributed to the downward pressure on PEPE's price, causing it to plummet. The whale's decision to exit PEPE holdings, despite being at a loss, suggests a deliberate and calculated investment move. This action has sparked concerns among investors, leading to a decrease in market confidence and a subsequent price drop.

The whale's move to convert over $18 million from PEPE to Ethereum over the weekend is a clear bearish signal for the cryptocurrency. This large-scale exit has left many wondering about the future of PEPE and its potential for growth. The market's reaction to this news has been swift, with many investors opting to sell their PEPE holdings and shift their focus to other cryptocurrencies. As a result, PEPE's price continues to struggle, reflecting the market's lack of confidence in its short-term prospects.

The broader market downturn has also played a significant role in PEPE's price struggles. The cryptocurrency market is known for its volatility, and this weekend's events have only added to the uncertainty. With many investors opting to sell their holdings and move to more stable assets, the market has seen a significant decline in value. PEPE, being a smaller cryptocurrency, has been particularly affected by this trend, leading to its notable price drop.

Despite the current struggles, PEPE still has a dedicated community of supporters who believe in its long-term potential. The cryptocurrency's developers have been working hard to improve its functionality and increase its adoption, and many investors remain confident in its ability to bounce back from this setback. However, the current market conditions and the whale's recent move have undoubtedly created a challenging environment for PEPE to navigate.

In conclusion, the price of PEPE has been struggling over the weekend due to a combination of market volatility and significant whale movement. The cryptocurrency's future prospects are uncertain, and investors are advised to exercise caution when making investment decisions. However, PEPE's dedicated community and developers remain committed to its success, and only time will tell if it can bounce back from this setback and regain its footing in the competitive cryptocurrency market.