PEPE whales dump 1 trillion again, trading volume surges, igniting a speculative storm: Do you understand this game?
A mysterious whale acts again, PEPE faces continuous selling pressure: $8.45 million in January, $4.63 million in April, and $6.17 million at the end of May. Large holdings dropped from a peak of 165 trillion to 134.98 trillion, returning to the winter levels of 2023, with signals of a capital exodus becoming increasingly evident.
But the market is not one-sided.
In the short term, PEPE's daily trading volume surged to $1.6 billion, derivatives holdings broke through 3.94 billion, setting a six-month high. MACD golden cross, above the 200-day moving average, and a descending wedge breakout, bullish sentiment is high. Once it stabilizes above $0.0000108, it might aim for $0.0000181, with a theoretical increase of nearly 40%. Some whales even bet heavily, with single bets reaching up to $4.5 million.
However, this wave of market movement feels more like 'accumulated trading density' rather than a natural increase. The three-day candlestick has shown a 'head and shoulders' pattern, with a key support level at $0.000001011. If it breaks below this level, the market may face a deep correction of up to 53%. Moreover, whales are still selling 1.2 billion tokens daily; the so-called support may just be a paper wall.
Conclusion: This is not about whether it goes up or down, but whether you see clearly that this is a high-volatility speculative game dominated by whales.
Suggestion: Holders should set profit-taking and stop-loss levels, and observers should avoid blindly chasing highs; waiting for structural confirmation is a rational choice.
A one-year explosive increase of 163 times, what strategies are behind it?
If you bought $PEPE at the beginning of 2024, your returns have reached 163 times! I spent 3 hours sorting out its complete price surge trajectory to help you judge: Does PEPE still have momentum?
$PEPE's explosion is divided into three phases, starting from November 12, 2023:
Phase One: Initial Surge (November 12 - 14)
November 13: PEPE lands on Robinhood, promoted by DEGEN NEWS;
On the same day, Coinbase's official Twitter released a 'quack' meme, instantly garnering 2.38 million views;
Immediately after, PEPE goes live on Coinbase, receiving 2.09 million views;
November 14: PEPE goes live on Upbit again, the Asian market rebounds, promotion reaches a climax, and the surge comes to a pause.
Phase Two: Turbulence and Accumulation (November 15 - December 3)
November 18: Musk retweets a PEPE meme, explosive spread reaching 32.68 million views;
A large number of 'Pepe image + $PEPE' combinations and small exchanges shouting orders began to appear online;
November 28: PEPE partners with Binance PayDay for promotion, the turbulence ends.
Phase Three: Second Wave Surge (December 4 - 9)
Entering December, PEPE attacks again, forming a second explosion, continuing the upward trend.
That's all for this article! If you're feeling lost in the crypto circle, consider strategizing and harvesting with me!
