🐸 Pepe Coin Faces Volatility as Whales Dump 1 Trillion Tokens — Fakeout or Red Flag?
🔺 On July 9, Pepe Coin (PEPE) saw a modest 2.7% intraday gain, trading at $0.0000102 with over $673M in volume.
⚠️ However, beneath the surface, storm clouds are gathering.
🔻 More than 1 trillion $PEPE tokens were sold by whales in just 24 hours, sparking fears of a looming correction.
📉 A bearish flag pattern suggests a potential 50% crash toward $0.00000480.
📆 Over the past month, $PEPE is down 11%, raising questions about its mid-term resilience despite today’s uptick.
📊 While the meme coin market remains highly active, PEPE's mixed signals have traders on edge—is this a temporary fakeout or the start of a deeper trend reversal?
#PepeCoin #MemeCoins #CryptoMarket #Altcoins #Blockchain
https://coingape.com/markets/pepe-coin-price-rallies-despite-whales-dumping-1-trilion-pepe-in-24hrs-is-it-a-fakeout/?utm_source=bnb&utm_medium=coingape