PEPE Cryptocurrency Whale Selling: Will This Trigger a Retreat?

PEPE cryptocurrency is facing a price drop as a large whale sells tokens and earns a profit of $68.3 million. User engagement has decreased and short selling dominates. The price of Pepe seems to be caught in the current whirlpool. The PEPE cryptocurrency has dropped by 8.62% over the past seven days. The Memecoin PEPE is currently trading at $0.00002034 with a market capitalization of $8.03 billion. The trading volume remains strong at $2.84 billion, reflecting continued interest despite the downturn. PEPE is among the most traded meme coins, but market sentiment seems cautious. The movement of the whale shakes PEPE Crypto The recent sale of 130.2 billion PEPE tokens by a large "whale" has fueled market trends. Prices fell sharply as the operation also included the sale of 74.07 billion PEPE at a price of $1.53 million. After the sale, this whale holds a large amount of 3.241 trillion PEPE worth $64.1 million.

Returning 12.6 times the initial investment, the whale has earned a real profit of $68.3 million. This follows previous market price increases, where the whale capitalized on liquidity opportunities. Profit shows the power of the whale in the volatility of memecoin, but also shows the strong market presence maintenance. The net money flow tells us that 4 trillion PEPE has entered the wallet and 765 billion PEPE has exited, so there is a long-term commitment. The calculated actions of whales show a combination of profit-taking and market holding influence. Technical analysis of PEPE coin price The current price reflects the consolidation phase of PEPE, with the token fluctuating at $0.000020356. The overall chart indicates a price breakthrough at $0.00004, a 68% increase from the current level. This forecast is based on the current consolidation zone, implying an increasing demand for the token.

Mid-term technical signals, including MACD, indicate a convergence implying a price breakout. Additionally, it highlights the Relative Strength Index at 50.29, indicating a neutral zone; thus, there is a possibility of price increase in case of increased buying pressure. However, the token price needs to close above the resistance zone to confirm the market control of the buying side. If a breakthrough occurs, PEPE could attract more trading volume and attention from both large and small traders. If the resistance level is not broken, we may witness consolidation or possibly a trend reversal. The participation of PEPE users decreases as the price decreases The price drop has led to a decrease in PEPE user activity, as recent data shows. In terms of active addresses, the decrease is 25.55% and for new addresses, the decrease is 27.01%. Over the past seven days, 33.86% of zero balance addresses have also decreased.

The working address has a very close correlation with the price increase, indicating a lot of interaction with the market around the price increases. This trend is confirmed by the peaks in November 2024, corresponding to higher levels of trading interest. However, recently, the price of pepe has dropped sharply and overall participation has decreased significantly. Based on these figures, it seems that market momentum has slowed down due to a decrease in the number of users participating in the token. If the price is unstable or reversed, this trend may indicate a declining interest. This is normal for highly speculative assets like meme coins. PEPE cryptocurrency traders have shifted their positions to more short orders When sentiment begins to shift, traders prefer short positions, as reflected in the PEPE long/short ratio chart. In any peak, the pressure to reduce prices will be advantageous when selling volume increases compared to buying momentum. Traders are adjusting to take advantage of recent price volatility. The ratio equation shows a sharp decline between the optimism and pessimism in a very short period of time.

The data shows an increasing speculation as traders react to market volatility. Active participation in the PEPE market is further confirmed with significant spikes and drops. The way people behave in the market indicates that the market is reacting, where they only focus on short-term profits. Confidence has been diminished by uncertainty, and data shows an ongoing increase in short positions.