The whale no longer waits for growth from PEPE 📉

The whale address completely exited its spot position in PEPE today, locking in its entire coin volume amounting to $6.1 million.

The net loss amounted to $3.5 million. Judging by the actions, the major player no longer expects growth from this asset and decided to close at the current loss.

In fact, the hype around PEPE has already faded. In recent weeks, there has been a steady outflow of capital, and buying volumes are not keeping up with selling pressure, which continues to exert pressure on the price and form a downward trend.

In my opinion, the asset does not look promising for growth right now. I rather expect a continuation of the sell-off and a move to lower values.