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PEPE Coin Faces Potential 56% Drop as Whales Sell 1.1 Trillion Tokens
PEPE is under significant bearish pressure as whales sell over 1.1 trillion $PEPE , signaling further market instability and potential price declines.
Major Whale Sells Push PEPE Below Key Support Levels
Currently, PEPE is trading at $0.000012 after a 17% drop in the last 24 hours. This drop comes after a 28% loss over the past week. The main reason behind this continued decline is the heavy selling pressure from whales.
On-chain data reveals several significant transactions:
A whale with the handle 0xfBfC…07Be moved 430 billion PEPE (worth $6.39 million) to Binance in the past 9 hours.
Another whale, identified as market.eth, moved 325.5 billion PEPE (worth $4.9 million) to Binance 24 hours ago.
Wallet 0xb1a2…6731 sold 200.88 billion PEPE for 2.85 million USDC over the past two days.
Another whale, 0xC7ac…BE36, deposited 140.83 billion PEPE (~$1.98 million) on Binance just two hours ago.
These massive sales threaten the stability of the Baby coin price as the market faces increasing selling pressure due to the influx of tokens