WILL PEPE COIN PRICE CRASH AS WHALE SELL OFF HOLDINGS?
The Pepe Coin price might be affected by whales selling off their holdings, considering the recent significant drop in value. Here's what's happening :
- *Smart money investors are selling*: The number of smart money investors holding PEPE has decreased from 32 to 17, with their holdings dropping from 4.24 trillion to 2.79 trillion tokens since June 2024.
- *Price drop*: PEPE's price has plummeted over 70% from its 2025 high and 50% in just five days, from $0.00000927 to $0.00000698, triggering a wave of massive sell-offs.
- *Whale activity*: Whale transactions surged to 128 on May 6, indicating renewed high-value activity amid market stabilization. However, large holders often act before retail investors, and increased transaction volume during sideways price movement can signal preparation for future volatility.
- *Technical indicators*: The MACD is bearish but convergent, and the RSI value stands at 43.97, below the 50 level, but rising. This suggests mixed trends and potential short-term bullishness if buying influence strengthens.
Possible Scenarios:
Bearish breakout: If the current support level fails, PEPE's price might crash further, potentially to $0.0000009618, a 90% drop from the current level.
Rebound possibility: If the support level holds, PEPE might aim to reclaim resistance zones at $0.00000811 and $0.00000927.
The market is highly volatile, and whales' actions can significantly impact prices. Keep an eye on PEPE's price movement and adjust your strategy accordingly .#AltcoinSeasonComing #PEPE $PEPE
