Crypto Whale Cashes Out $1.4M Profit on Pepe Tokens Amid Meme Coin Downturn, But Floki Defies Trend with Burn and Investment

• Crypto whale books $1.4M profit on Pepe token, selling 196B tokens originally bought for $1.88M • Broader meme coin market facing downturn, with prices of Doge, Bonk, etc. falling over 15% • Floki token an outlier, maintaining value and achieving record $756M total value locked • Floki burned additional $3.2M tokens last week, aiming for deflationary model • Meme coins drawing institutional interest – Floki received $15M investment from DWF Labs