PEPE, the latest meme coin sensation, has soared by a staggering 400% in the past week, hitting a market cap of just over $1 billion. However, following a sharp pullback on Saturday, some investors booked profits, causing a significant loss of approximately $541,000 for a whale who had purchased a substantial sum of PEPE, along with 70 $WBTC worth $2.07M and 470 $ETH worth $937K.

As PEPE has no intrinsic value or expectation of financial return and is purely for entertainment purposes, it remains highly speculative and can lead to substantial losses within short periods, according to experts.