Trillions $PEPE instant withdrawal! Whale sell-off triggers panic in the crypto world, is a 50% crash imminent?
Alarm sounded! A mysterious whale sold off 1 trillion PEPE in one go, worth 11.65 million dollars! This is not an ordinary reduction, but a charge of capital fleeing! In just a few months, whales have been frantically dumping: January smashed 8.45 million dollars, April sold off 4.63 million dollars, and at the end of May another massive wave of 6.17 million dollars. Even more deadly, the holdings of large accounts have plummeted from a peak of 165 trillion to 134.98 trillion, directly retreating to the levels of the winter of 2023. When on-chain data gruesomely shows a collective loss of 383 thousand dollars, I smell the stench of despair spreading—retail investors are cutting losses and exiting!
The technical side is even more tense. On the three-day K-line chart, the "head and shoulders" death pattern prominently appears, like a guillotine hanging above the neckline of 0.000001011 dollars. Once breached, a 53% crash will wash the market in blood! I searched through historical scripts, and this signal has almost never missed. Although bulls fantasize about holding the line at 0.00001632 to turn the tide, and even counterattack to the high ground of 0.00002170, at present, whale wallets are withdrawing funds at a rate of 1.2 billion tokens per day, and the so-called support level is nothing but paper that can be easily pierced.
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