Price stalls near key resistance as heavy selling pressure dominates market action.
$PEPE has dropped 3% in 24 hours, struggling to stay afloat despite strong whale activity. 📉 The memecoin hit highs of $0.00001268, but sellers quickly drove it down to $0.00001169, leaving bulls gasping for momentum.
🔍 Technical Trouble
Resistance is piling up at $0.00001206, with $PEPE now locked in a bearish consolidation. Volatility spiked to 7.74%, and the day’s trading volume surged over 3.47 trillion tokens, hinting at big sell-offs or rapid trader exits.
🐳 But Whales Aren’t Backing Down
On-chain data from Nansen shows whales on Ethereum$ETH increased holdings by 1.4% this week – now sitting at 305.26T PEPE. Meanwhile, exchange balances dropped 1.14%, signaling accumulation continues off exchanges.
📊 Until PEPE breaks above $0.00001206 and absorbs this aggressive selling, the trend remains tilted toward the bears.
📢 Will whales save PEPE from drowning? Or is a deeper dip coming? Share your take!
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