PEPE Whale Wars: Veteran Players Trapped in $7.25 Million Loss, New Forces Accumulate $71 Trillion to Build Defense
Recently, on-chain data from PEPE reveals a strategic divergence among the whales. Long-term holder 0x7a9, facing an unrealized loss of 35% ($7.25 million), chose to average down by purchasing 183.7 billion PEPE, attempting to dilute the high-cost position of $0.00001683. This brought their total holdings to 1.31 trillion coins, but their deeply trapped passive situation makes them a potential source of selling pressure in the future.
Meanwhile, a mysterious new address has been accumulating 71.07 trillion PEPE at an average price of $0.0000122, currently showing an unrealized loss of only 12%, demonstrating precise judgment of the bottom. The cost disparity between the old and new whales creates a price buffer zone of 27.5%, making $0.0000122 a key psychological support level.
The current market is facing a critical juncture for bulls and bears. The old whale needs a strong resistance of 55% to break even, while the support zone built by the new whales creates a clear trading range. Investors should be wary of a chain reaction triggered by the old whale being forced to cut losses, while also monitoring the stability of the new whale's holdings. In the short term, one can position for a rebound around $0.0000122, but this should be assessed in conjunction with ecological developments and overall market trends. This battle over the cost line will determine the next phase of PEPE's value center. $PEPE