$PEPE Coin saw a significant price increase in early 2025, but recently this rise seems to have reached a point of stagnation. With whales, namely large investors, releasing 41 trillion tokens into the market, the selling pressure on the price of Pepe has increased. The fact that the price of #Ethereum struggled to surpass the $2,000 level created a similar stagnation in the price movements of Pepe Coin. If Pepe fails to break through the current resistance level and selling pressure continues, the price is likely to drop to its lowest level of the year.

According to data provided by Santiment, whales hold a large portion of the supply of $PEPE Coin. It has been determined that investors in this group sold 41 trillion tokens out of the 165 trillion they held in February, reducing their total token holdings to 148.7 trillion. This massive sell-off caused Pepe Coin to drop by a double-digit percentage from its peak earlier in the year.

The increase in selling pressure is not only affecting the price, but the decrease in the 90-day Investor Age Average (MDIA) indicator indicates that the selling trend in the market is rising. If whales continue to sell, this could lead to an even greater decline in price. However, there have been some positive signs that selling pressure has been decreasing in recent days. In particular, the decrease in the supply of Pepe Coin on exchanges indicates that buying pressure is still not strong.

#Pepe Coin recovered its price after hitting a low of 0.00000572 earlier this month. A small double bottom formation at this level is considered a promising sign for the price to rise. However, the price of Pepe is currently stuck near a significant resistance level around 0.00000917. Breaking through this resistance level could allow the price to rise sharply.

⚠️ Note: My posts are not investment advice. There may be errors 😎