#PEPE‏ Pepe Coin (PEPE) faces a massive liquidation after the halving event: what's next?

February 4, 2025: Pepe Coin (PEPE) has just completed its halving event, reducing the block reward from 62,500 to 31,250 PEPE per block. While halving events are typically bullish, today's market reaction has been volatile.

Whale liquidation causes concern in the market

In the last 24 hours, whale investors disposed of 190 billion PEPE tokens, leading to increased selling pressure. Large PEPE transactions surged from 8 trillion to 31.9 trillion tokens, with most being sell orders rather than accumulation. This suggests that some large holders are taking profits or exiting their positions.

Price reaction: a temporary bounce?

Despite the liquidation, PEPE gained 7% today, demonstrating resilience. However, the relative strength index (RSI) is at 30, indicating bearish momentum. If selling continues, PEPE could drop further before stabilizing.

Should investors hold their position?

While short sellers dominate the market, long-term holders may benefit from being patient. No one knows exactly where the price will go next, but history shows that memecoins can be very unpredictable.

Key levels to watch

Support: if PEPE falls below $0.00000906, it could drop further to $0.00000796.

Resistance: if PEPE surpasses $0.000014, it could trigger a strong rally.

For now, holding the position might be a smart decision while the market digests the whale activity. No one knows the future, and memecoins have surprised traders before.

Stay tuned for updates!$PEPE