News: Whales fighting, retail investors suffering

  1. Whale split action:

    • Accumulation Party: On June 23, the institution Cumberland frantically swept 386.4 billion PEPE for 3.45 million US dollars, withdrawing coins from Bybit/OKX for accumulation;

    • Selling Party: Whale "dimethyltryptamine.eth" sold 10 billion PEPE to cash out on June 14, with profits exceeding 58,000%, triggering panic selling.

    • Leading Indicator: Musk's May "Frog Rocket Chart" tweet once stimulated PEPE to rise by 30% in a single day, but community popularity plummeted in June, and Meme coins such as DOGE/SHB fell across the board, showing market fatigue.

  2. Fierce battle between bulls and bears:

    • On-chain data shows that 11.75 trillion PEPE were intensively transferred at the end of May, a clear signal of whale accumulation, but open interest in derivatives plummeted by 5.7% to $483 million in June, indicating leveraged funds are withdrawing.


Technical Aspect: Death cross false move, Bollinger Bands narrowing waiting for a breakout

Combining the 4-hour candlestick chart and the entire network indicators:

MACD Trap: Although DIF crosses above DEA, the golden cross below the water + weak green column is actually a "paper tiger" and can turn into a death cross at any time;

Bollinger Bands Narrowing: Channel contraction indicates compressed volatility. The price is running close to the lower rail. If it breaks below the 0.000010 support with volume, it will accelerate its slide towards 0.0000090 → 0.0000083;

Key levels:

Resistance: A break above 0.000012 will trigger a short squeeze, targeting 0.000019;

Support: A break below 0.000010 will open the abyss mode.

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