$PEPE currency saw a significant increase in price in early 2025, but this rise seems to have recently stalled. With whales, the large investors, exiting 41 trillion tokens from the market, selling pressure on Baby's price has increased. The fact that the price of #Ethereum has struggled to break the $2000 level has created a similar stagnation in the price movements of Baby currency. If Baby cannot surpass the current resistance level and selling pressures continue, it is likely that the price will drop to its lowest point of the year.
According to data provided by Santiment, whales hold a large portion of the supply of $PEPE currency. It has been determined that investors in this group sold 41 trillion tokens out of 165 trillion they owned in February, reducing their total token holdings to 148.7 trillion. This massive sell-off caused Baby's currency to drop by double from its peak at the beginning of the year.
Increased selling pressure not only affects the price, but the decline in the 90-day average investor age index (MDIA) indicates that the selling trend in the market is increasing. If whales continue to sell, it could lead to further price declines. However, there have been some positive signs that selling pressures have decreased in recent days. In particular, the decrease in Baby currency supply on exchanges indicates that buying pressures are still not strong.
#Pepe is a currency that has regained its price after hitting a low of 0.00000572 earlier this month. The formation of a small double bottom at this level is a promising sign for a price increase. However, the price of Baby is currently stuck near a major resistance level around 0.00000917. Breaking this resistance level could allow the price to surge.
⚠️ Note: My posts are not investment advice. There may be errors due to translation. Please do your own review. You can also share your thoughts in the comments section.
